$JD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $JD after a Positive over reaction following its earnings release placing the stock in drift B
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Trade ideas
JD.com H&S Short itBounced off conformation line yesterday, let's see if a sell off today will give the nudge
50MA Conformation line -yellow line
1st target 88.60 (Redline) which is also where Fibonacci support and 100 day intersect. if it bounces off of 88.60 or near that area I will be closing my positions.
2nd target is channel bottom at around 86$
Entry - if its across conformation line 93$ or less
Stop loss at 94$
Closing position today
JD.comJingdong Retail Group, Jingdong, JD .com is a Chinese e-commerce and e-commerce company located in Beijing. Is one of the largest B2C companies in China. JD has over 441 million active customers, providing a one-stop shop for a wide range of products. JD's platform also enables local and international brands to enter the Chinese consumer market.
In the third quarter of 2020, JD .com provided a report that revenues reached 174.2 billion yuan, an increase of 29.2% over the same period last year.
I was very impressed with their report. JD is growing across the board. Their average growth rate for 5 years is 39%, for the last 3 years - 30%. JD .com shows no signs of slowing down. Despite its size, it's just amazing.
Global e-commerce sales are expected to grow 55% over the next 3 years. The combination of China's growing economy, e-commerce expansion, and JD's growth rate is the recipe for stock growth over the next 3 years.






















