JD.com just beat earnings showing an ability to adapt to the current environment in China.
Simultaneously we see calls for Chinese policy makers to continue stimulating the consumer to ward off a very dangerous deflationary death spiral.
I'm reaching a bit here, but it we may be setting up a large inverted head & shoulders pattern on the charts.
JD.com
* is profitable
* pays a dividend
* has lots of cash
* proved it can adapt to tough environment
* beaten earnings forecasts as far as the eye can see
* tremendously depressed share price
Bullish here -- one of my top two holdings.
Simultaneously we see calls for Chinese policy makers to continue stimulating the consumer to ward off a very dangerous deflationary death spiral.
I'm reaching a bit here, but it we may be setting up a large inverted head & shoulders pattern on the charts.
JD.com
* is profitable
* pays a dividend
* has lots of cash
* proved it can adapt to tough environment
* beaten earnings forecasts as far as the eye can see
* tremendously depressed share price
Bullish here -- one of my top two holdings.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.