Short on JD.com Inc (Ticker JD)

Technicals:

- price in range 28.50 - 30.20 accumulation power for a movement
- as price is in long-term bear trend, the short breakout to the long-term retest zone at 25.50 - 25.80 before rebounce is logical
- put TP 1 on 27.40 in case of squeeze and rebounce.
- slow penetration and slow close below 28.00 opens a path for a deeper movement to 24.00 - 24.40

- scenario invalidated if 2 bars close above 30.25

Fundamentals:

- the company is no longer only ''chinese delivery service'' but earns new markets by expanding its business to Europe and North America
- because of this fact the operating margin grows for last 13 consecutive months
- but a late entry in food delivery sector led to enormous cash burn (but still reducing tax payments)
- geopolitical hardness and weakening consumer sentiment hardens the price recovery

Conclusion:

- the company is definitely undervalued and might double its price
- uncertainty in geopolitics as well as internal competition within China still may let the bears push the price to retest zone

# - - - - -
⚠️ Signal - Sell ⬇️
✅ Entry Point - 29.07
🛑 SL Long term - 30.53
🤑 TP Long Term - 25.78
⚙️ Risk/Reward - 1 : 2.25 👌
⌛️ Timeframe - 2 month 🗓
# - - - - -

Good Luck! ☺️

# - - - - -
DISCLAIMER: Not financial advice. Everyone must make trading decisions at their own risk, guided only by their own criteria and strategy for opening or not opening a trade.

Trade aktif

Catatan

Price bounces on diagonal support. It is reasonable to close 30% of position to cover trading expenses and commission, in order to remain in profit in case of reversal movement. For those who are more risky you can move stop to the entry point 29.06, but be aware that it can trigger in case of squeeze

Catatan

Strong breakdown of the trendline support and a new lower low confirm the bearish momentum. Targets: 25.75 and 24.15. I am still holding 70% of the position, but moved the SL to Entry Point, reducing the possible

Trading ditutup: target tercapai

Price reached the final target after a month-long trade.

TotSamiyKaa

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Pernyataan Penyangkalan

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TotSamiyKaa

Visit my Risk Enforcement App → mywarner.app/
Follow me on Telegram → t.me/totsamiykaa
Watch me on YT → youtube.com/@totsamiykaa
See me on Threads → threads.com/@totsamiykaa

Juga di: