JD.com or Jingdong Mall, formerly 360Buy, is a Chinese electronic commerce company headquartered in Beijing. It is one of the largest B2C online retailers in China by transaction volume.
Since the IPO, price has put in a large basing process 10 months ago.
Base on round bottom measure rule, price could get to 50 in 6 months time
which will be the handle i suppose
Currently waiting for a perfect chance to short as wave 4 can not touch the territory of wave 1. Which means a tight stop.
Actually there is a little room for the bulls this Friday.
The company will report its Q3 tomorrow before market opens, and if numbers are not as good as expected, we will see price to roll back to recent buy point or where price cleared the DTL at and around 25.22 or even much lower to 23.6 if not retest October low 22.60. We will buy for the next Q4 earning which will be a huge beat. If # good and WS like them, we...
