$JD.com(JD)$ The stock is Overbought on the 1YR Daily and 3YR Weekly, as I have stated, and I trimmed my position on that condition.
That said-I still hold/maintain much of my baseline position from $21.5 because the Company is still valued at forward P/E~11, trailing earnings and guidance have been strong, and there is reasonable upside still (IMO) from this valuation.
I have a hard time seeing markets value JD at known/historical S&P avg P/E ~ 17 ($70-75), as there is a risk adjusted valuation from China/US tensions - still further upside, though more limited (IMO) for the reasons noted.[Cool][Cool][Cool]
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments