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.
$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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.