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JD

China's Consumer Discretionary ETFFrom the beginning of 2020, emerging markets, and specially China, had been really outperforming. The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel. We have tested the 50sma, which has worked as the lower channel trend line in this system. Risk-reward-ratio is fantastic as we can a stop below the moving average; with a target around $42. Top 5 Holdings: Meituan (10.38%) Alibaba (7.92%) NIO (7.42%) JD (6.98%) PDD (5.94%)
AMEX:CHIQLong
by dorfmanmaster
1
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.
NASDAQ:JDLong
by monsRUS