JD.COM, I am adding more to accumulate
According to this article here :markets.businessinsider.com/news/stocks/jd-com-2024-singles-day-mid-festival-report-double-digit-growth-in-sales-orders-and-user-numbers-1033940704, they are doing pretty well for this Singles Day with almost all its sector expanding and recording good growth.
While it is anyone bet who is going to win the US election and how it will affect the stock price of Chinese companies, I think I would like to add more so long as it does not retrace back to the bearish trend line ( quite unlikely though possible)
To constantly want to catch the bottom price for fear of paying slightly more, imo is a short sighted move since share prices can be erratic in the short term.
I believe the forthcoming stimulus of 10-20 trillion by the Chinese government would help to propel the share price higher.
Please DYODD
While it is anyone bet who is going to win the US election and how it will affect the stock price of Chinese companies, I think I would like to add more so long as it does not retrace back to the bearish trend line ( quite unlikely though possible)
To constantly want to catch the bottom price for fear of paying slightly more, imo is a short sighted move since share prices can be erratic in the short term.
I believe the forthcoming stimulus of 10-20 trillion by the Chinese government would help to propel the share price higher.
Please DYODD
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