Long Position on JD @ $36.30 on 12/24/2019 (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 December 31, 2018, JD.com, Inc. operated fulfillment centers in 7 cities; and 550 warehouses in 81cities covering various counties and districts. 

Shaes have broken higher out of their bullish "cup and handle."  Higher share prices are expected for this stock.

52-Weeks Trading Range: $19.26 to $36.80

Entry Point: $36.30

Stop Loss: $34.60

Target Price: $40.00

Updates

1/10/2020 1:59:01 PM

JD closed at $39.00

Position closed on 1/10/2020 at price of $39.00 with a 7.44% gain in 17 days.

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