Long Position on JD @ $28.00 on 9/30/2019 (Momentum)

JD.com, Inc. (JD) operates as an online direct sales company in the People's Republic of China.

It primarily offers electronics and home appliances products; and general merchandise products, including audio and video products, and books.

The company sells its products directly to customers through its Website jd.com and mobile applications.

It also provides an online marketplace for third-party sellers to sell products to customers through its Website and mobile applications; and services, such as advertising, transaction processing, and financing, as well as offers a suite of value-added fulfillment and other services for third-party sellers.

As of June 21, 2016, the company operated 7 fulfillment centers and 213 warehouses, and total 5,367 delivery stations and pickup stations in 2,356 counties and districts across the People's Republic of China.

Shaes are heading higher in an upward trading channel. Presently shares are the bottom of the said channel. Note that the formation is supported by the stock's 200-day moving average. Higher share prices are expected for this stock.

52-Weeks Trading Range: $19.21 to $32.38

Entry Point: $28.00

Stop Loss: $26.60

Target Price: $30.90

Updates

10/15/2019 1:18:30 PM

JD closed at $31.00

Position closed on 10/15/2019 at price of $31.00 with a 10.71% gain in 15 days.

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