Huge laggard in China. Even JD looks like it wants to move higher before lower. I think JD will be the alarm bell for China equities to finally move higher, as even the laggard is showing resistance to selling pressure as of now.
Baba, PDD, Baidu, KWEB, CQQQ all look pretty decent, but JD needs to finally push higher to confirm a good trend for China stocks
NASDAQ:JD is trading around $32 which is the same as 2014 price level.
Reported Revenue EPS
Q2 Aug 2014 $4.61B. 73 cents/share Loss
Q2 Aug 2023 $39.69B. 59 cents/share Profit
Does this make sense? I am expecting a reversal here.
A follower asked to chart JD.com
And since it's Sunday and I'm sipping my fresh brewed coffee from my "La Pavoni" Espresso Machine, I have time to help out a buddy in the Trading Space.
Here we go:
The Monthly (Daily will follow below) Chart is nice and orderly. It has a good Base. And we also see where the last bunch of buyers where from 2019 to 2020.
JD had...
JD, Fair value on this company is arguably much higher in the $80-90 range.
RSI showing strength as price bases out.
Inverse head and shoulders pattern.
MACD sloping up.
A confirmed break with high volume of $40 should signal a continuation move higher.
Analyzing the options chain and the chart patterns of JD prior to the earnings report this week,
I would consider purchasing the 37.50usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.99.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read...
JD.com, Inc. (symbol ‘JD’) share price has incurred losses of around 12% in the second quarter. The company’s earnings report for the fiscal quarter ending June 2023 is set to be released on Wednesday 16th of August, before market open. The consensus EPS is $0.59 compared to the same quarter of last year at $0.49.
‘The company is not in its best form and this...
BABA's little brother JD setting up a similar Head and Shoulders pattern after a harsh fall, what goes down must come up. Looking to long on the neckline break or earlier if I'm feeling risky. It's weird that many stocks are forming this pattern recently, free money everywhere, I made a lot of money and I hope those that followed my ideas did too!
Weekly Chart...
JD on the 1H chart has been in a solid downtrend worthy of shorting.
However, the zero-lag MACD shows a line cross under the histogram and
a red to green there. The signal has curled. This looks like subtle
divergence. Price is in the area of the mean anchored black VWAP lines.
The mass index indicator is double tapping the reversal zone.
So, what you think?...
looks like a tight consolidation near lows and ready to test extreme trend resistance once again
Scenario one: we hit trend resistance/50-55 area and the downtrend continues
scenario two: we hit and break that trend resistance and rally to 80 (100%+ from here) 🚀
boost and follow for more! thanks 💜
JD has a buy zone between $33.50 and $38. I was willing to buy JD between $33.50 and $36.
Target Prices
TP 1
White resistance line with a price target around $53-$55
TP 2
Red resistance line with a price target around $63-66
TP 3
$93.60 is the third price target
TP 4
$107.93 is the fourth price target then JD can find price discovery to form a new all time high.
JD.com has created an inverted H&S pattern over the summer and is attempting to break above the neckline. This isn't a textbook H&S since the neckline hasn't been a hard resistance level for price when looking at the violation above the neckline at the right shoulder, but that appears to have been an outlier with a gap up and almost immediate gap back down below...
I see multiple top patterns in this underlying while I see that there was significant volume for the last periods while there was no significant move there. In my personal opinion if JD succeeds in breakout $40.6. it could easily reach to $45. put sl in this underlying in necessary I am long term bull on JD
Aside from running together with NYSE:BABA which is on the verge of a large breakout shared in a prior idea, JD here is breaking out from this multi-month wedge with multiple gaps above. If above $42 there is room for a run towards gap fills 44.82 and 51.71 with the red line above being major resistance.
NASDAQ:JD shows a double bottom pattern and has a potential to achieve 54 per item in 2-3 months.
Good company and definitely, oversold. Will show much more, but in short period we have a good potential to take 40-50$ of revenue.
Does not constitute a recommendation.
#investing #stocks #idea #forecast #furoreggs
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JD on the long term weekly chart appears to be in a descending wedge pattern which
would generate a bias for a breakout upside. Price is now supported by the one standard
deviation line below the VWAP bands anchored to 2019. The analysis of the ultralong term
volume profile is that the Point of Control is just below price and that the vast majority of...
- buy-to-open a vertical call debit spread exp 09.15
- sell-to-open a vertical put credit spread exp 08.18
This is a bullish strategy with limited risk of $562.00 and limited potential reward of $436.06.
This strategy will profit if the stock closes above $36.46 by Aug 18, 2023.
There is a 59.79% probability this will happen.
