$JD
Added 2023-07-09 00:35:29 +0000 UTC$JD is another company that could benefit from positive sentiment towards Chinese stocks and is closely linked to $BABA, although I much prefer the $BABA chart. That being said, higher low found here and held the 0.78 Fib level for potentially Subwave 2.
The price action has not quite held above the 50 Day MA on the daily yet, so we are still very early here, there is certainly still a path to $52 here if $BABA and Chinese stocks start to go on a run.
Fundamentals here for $JD look very good too:
PE: 20
FWD PE : 10
P/S: 0.38 (which is incredibly low) let me put this into perspective, they have sales of $144 Bill, with a Market Cap of only $54 Bill.
Fundamentally, everything about this company is strong but they have a profit margin exactly the same as $AMZN, which is quite low, less than 2%.
I believe $JD will have its time and eventually it will climb a lot higher.
