$JD is enroute to come down to its IPO level from 2014. Where it has found support at this level 4 times since its IPO. I am going to be very clear here, $JD has no right being down at this level with the fundamentals it has and I have attached these too.
There is no clear explanation as to why it is down so bad but it is certainly not an area I would consider selling, it is in an area now where you could only consider adding.
$JD has also not missed on earnings since 2018.
Yes the geopolitical situation has worried US investors but this does not excuse the fact that this is undervalued in terms of revenue and fundamentals.
I will watch this closely.
Gareth Neary
2023-10-23 21:55:43 +0000 UTCFrank
2023-10-23 21:25:14 +0000 UTC