JD - climbing on fine earnings

JD.com (JD) had fine earnings, starting the week on a very positive note (intra high $42.77), settling +3.4% at $41.34. Soft target are the 49/50s. The hyper bulls should be seeking $100 within 12-18mths.


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Summary

Suffice to add... price action in JD is very clean. We have a m/t low in October of $35.79, with a clear break of the downward trend from August.

With fine earnings, the stock is justifiably strong, with soft target of the $49/50 zone. That looks a given within a few months, and frankly, its not a stretch to see $100 in 2018.
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Pete Najarian of investitute.com, is seeking the $45s within the relatively near term. That does seem a very valid target before year end.
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*an obvious valid alternative for the more cautious is Alibaba (BABA), which is now a very profitable company.