Long Position on JD @ $62.55 on 3/22/2022 (Momentum)

JD.com, Inc. (JD) provides supply chain-based technologies and services in the People's Republic of China. 

It operates through three segments: JD Retail, JD Logistics, and New Businesses.

The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, books, automobile accessories, apparel and footwear, bags, and jewelry.

It also provides online marketplace services for third-party merchants; marketing services; and omni-channel solutions to customers and offline retailers, as well as online healthcare services.

In addition, the company offers supply chain logistics services for sporting events covering various warehouse centers, and competition and non-competition venues. Further, it develops, owns, and manages its logistics facilities and other real estate properties to support third parties; and provides asset management services for logistics property investors. Additionally, the company provides integrated data, technology, business, and user management industry solutions to support the digitization of enterprises and institutions.

Shares have formed a bullish "flag" following the announcement of a $1.5 trillion tax break by the Chinese government for the tech industry. We expect higher prices for this stock. 

Entry Point: $62.55

Trading Range: $41.56 to $92.69

Stop Loss: $59.00

Target Price: $69.00

Updates

6/8/2022 11:53:24 AM

JD closed at $67

Position closed on 6/8/2022 at price of $67.00 with a 7.11% gain in 78 days.

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