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2023-09-03

$JD.com(JD)$ $JD-SW(09618)$ $XIAOMI-W(01810)$ $HSTECH(HSTECH)$ $China A50 Index - main 2309(CNmain)$ 


Jd.com share price structure has been weak since China's reopening trade has been weaker than expected. Huge expectation for China's economy did not materialise given a difference in consumers' pattern in Us and China.

What is even obvious is that there is no consumer specific stimulus like giving money to the consumer to encourage the type of spending required.

If I am betting on JD.com now, I am pretty much betting on China's economy recovery. Will it eventually come? There is now report sharing that oil price is up! Is China economy getting better? No one can be sure but then again unless share price decline in JD halts, there is still potential price risk.

I am willing to take a small bet though given my entry is only 34+ USD, which is 20 percent below current resistance level and is around 10 percent above near term support line.

As always, this should not be construed as any investment or trading advice.

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Comments

  • ColinThorndike
    2023-09-04
    ColinThorndike

    Hi, according to my analysis of Xiaomi shares. There is a wonderful investment opportunity with the stock breaking the support at level 11. And breaking the descending channel with a very positive green candle outside the pattern indicates a strong entry of buyers. good luck for everbody

  • GriseldaBrown
    2023-09-04
    GriseldaBrown

    One of the companies whose valuation is difficult to understand. JD is in the bottom mud compared to other benchmarks (PDD, BABA, VIPS).

  • AugustineMac-
    2023-09-04
    AugustineMac-

    Always down the most and up the least. Frustrated

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