JD - short term cooling to the 200dma

Whilst the main market broke another sextet of new historic highs, there was significant weakness in JD.com (JD), settling -2.2% at $38.34. The 200dma within the target red zone of 38/36 is highly probable, before the stock has a better chance of pushing upward into year end.


JD, daily

Summary

JD is not a stock I get around to highlighting that often, but recent price action merits attention.

JD maxed out at $48.99 on Aug'8th - prior to earnings, and is continuing to cool.. if choppily. The 200dma is a prime target, and looks due within the near term.

Mid term outlook is bullish, first soft target is the psy' level of $50. JD is a valid alternative to BABA, or the global retail monster of AMZN.