JDD trade ideas
JD LONG !!! Following the uptrend channel since 20$JD has been following the uptrend channel like a Boss !!! Weekly clearly shows how it is going to maintain the channel and ride to 40$
Also the 50 and 200 day EMA crossover is going to happen soon which is highly bullinsh.
Wait back for some pullback, buy more and ride the uptrend.
I would keep a conservative next target of 32$
Some key highlights of JD (source- google)
For example, JD's top investors are Tencent (NASDAQOTH:TCEHY) and Wal-Mart (NYSE:WMT), which respectively own about 20% and 10% of the company. Tencent owns WeChat, the most popular messaging app in China, while Wal-Mart operates over 400 stores across the country. The three companies now pool their user and customer data, offer mutual discounts, and accept payments with Tencent's WeChat Pay
But that's not all. JD also recently integrated its e-commerce features into online search giant Baidu's (NASDAQ:BIDU) app, and invested in flash sale site Vipshop (NYSE:VIPS), which ranks a distant third in the Chinese e-commerce market. Simply put, Alibaba has more market clout, but JD.com has more allies
The key takeaways
JD is a volatile stock and isn't for queasy investors. But it also should never be dismissed as a "second-rate Alibaba", especially when its growing market share, expanding ecosystem, rising revenues, and improving profitability suggest otherwise.
JD.com (NASDAQ: JD), China's largest direct retailer, recently partnered with Japanese e-commerce giant Rakuten (NASDAQOTH: RKUNY) to launch an unmanned delivery service in Japan.
That's why JD is buying back its own stock, and why Tencent (NASDAQOTH: TCEHY), Walmart (NYSE: WMT), and Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google all hold stakes in the company. It might be smart to follow their lead
JD next stop 29$I guess it should retrace back a little to 25$ range and then carry on the upward path to 29$. This is surprisingly moving fast so I would see a nice 20% growth soon.
4hr and Daily chart suggests the crossover of 50 and 200 EMA. Also a nice bounce from Ichimoku on the 4hour suggesting a nice support and faith in the stock. JD is a big company and US China deals may lift it up to where it really belongs ie 40$ but i would not be greedy and pull out at 30$ to be honest.
PS. not an investment advice
JD Long. Next target 27$ and aboveTrade deal with china is good. JD earnings coming up in a couple of days too!!
Reasons i am going long:-
1) Nice uptrend channel on the daily and 4 hrs and weekly. Really Bullish. As long as it is in that channel, I wont have any problems
2) Its at 25.95 which means it broke the current important resistance. I consider it important as the last time it broke the resistance, it happened during tha 50 and 200 ema crossover. It may happen again at the same level !! After tht JD went to an all time high of 52$. 5)
3) Ichimoku is clear
4) Trade deal is good with china. That doesnt mean anything but i believe trump is an amazing businessman and he wont let any opportunity slip out !!!
5) Volume has been almost at all time high