JD no pudo, una vez más, con los 32.En el intento anterior no pudo superar los 32 e inmediatamente luego de llegar a la zona comenzó el recorte, cerrando el viernes en 27.82 sobre una línea de mínimos.
Con la última vela cerró casi por completo el gap que había dejado en la isla de reversión de Agosto.
La TL podría dar rebote técnico que tendría credibilidad y abriría nuevamente las posibilidades de ir por los 32 si consigue los 28.50/29.
Mientras no logre dar ese paso, las posibilidades de ir hasta los 25 y completar el movimiento lateral que trae desde Marzo son amplias.
Arriba, deberá ir por encima de 28.50/29 para pensar en 32 nuevamente.
JDCO34 trade ideas
JD.COM beats on earnings, Lots of upside potential. The company's total net revenue rose to 150.28 billion yuan ($21.28 billion) in the second quarter ended June 30 from 122.29 billion yuan a year earlier. Analysts were expecting revenue of 147.49 billion yuan, according
to IBES data from Refinitiv. JD.com posted a net income of 545.9 million yuan compared with a net loss of 2.28 billion yuan, a year earlier.
AVERAGE ANALYSTS PRICE TARGET $34
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 86
SHORT INTEREST 4.5%
COMPANY PROFILE
JD.com, Inc. is a technology driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. The company operates through the following business segments: JD Mall, and New Businesses. The JD Mall segment represents its core e-commerce business. The New Businesses segment includes logistic services provided to third parties, technology services, overseas business, insurance and O2O. It also provides an online marketplace, whereby third-party sellers sell products to customers primarily through its websites and mobile apps. The company offers advertising, logistics and other value-added services. JD com was founded on June 18, 1998 by Qiang Dong Liu and is headquartered in Beijing, China.
JD.COM COULD REWARD THEY BRAVE COME MONDAYJD.COM remains 30% of its 52 week high and has actually staged a nice rally in 2019, yielding a 60% return from the December lows. As the infamous meeting between Mr Trump &Xi over the weekend looms large Chinese stocks have stalled until some clarity is confirmed on Monday. Speculators will be building positions in these stocks prior to the weekend, in the hope that the rhetoric will be constructive and lay the foundations for another market rally. Currently $32 is a breakout level from near term resistance and a possible good entry point.
$JD Stock jumps on earnings beat and Tencent Partnership.******BIG BEAT AND PARTNERSHIP DEAL WITH TENCENT*********************
EARNINGS DETAILS
JD.comreports Q1 beats with 21% Y/Y revenue growth. In-line Q2 guidance has revenue of RMB 145-150B vs. RMB 145.53B.
Q1 net service revenue was up 44% Y/Y to $1.9B. Net product revenue was up 19% in the period to $16.2B. Cost of revenue grew 20% to $15.3B.
Non-GAAP operating margin was up from 0.8% to 1.6%.
Annual active customer accounts increased from 305.3M to 310.5M. Quarterly active accounts were up 15% Y/Y.
JD ended the quarter with $6.1B in cash and equivalents.
Tencent agreement: JD renews its agreement with Tencent for a three-year period starting May 27. Tencent will offer Weixin access points for traffic support and the companies will continue to collab on projects. The cooperation will amount to $800M and Tencent will issue about $250M in Class A shares over the three years.
My Daytrading watchlist for May 6 2019 (JD)Starting today i will publish my trading ideas and stock watchlist, i am a new day trader so please do your own analisys and trade at your own risk.
As i am starting today I will provide Tech analisys for only one Stock but i think it can work.
Today NASDAQ:JD its breaking its trendline/support on the Daily chart, it is a nice setup and we can go short to the next support that is the 200SMA, Spy its selling off, so i will wait the first 5-10 mins out of the open before opening a position.
Good Luck!
My advise its only for educational purposes!
JD - Cup n' handle?Cup and handle pattern possibly forming on JD 1H. Stop just below handle, price target double height of handle pattern. Fundamentally solid company that was hammered down due to trade dispute and allegations against CEO over past year. Growing in dominance in SEA countries (particularly Indonesia, a large and growing market for them).