$JD.com bullish pre earnings. possible entry level $33.50 Target price range from $36-39. MA200 will be considerable Resistance at just below $34.#
$32 could possibly be back-tested as support before advancing higher.
Sentiment towards the Chinese stocks has turned bullish a complete reversal from 2 months ago when delisting was rumored.
Volume is extremely bullish and the ETF's are off-course dictating the moves higher.
P/E 54 (high but acceptable in growth)
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.