JD - short term chop

JD.com (JD) settled -2.6% at $39.20. Recent earnings were fine, and the stock is arguably just seeing short-term chop. Things would only turn bearish if the Oct' low of $35.79 is broken under, and that is still a considerable way down.


JD daily

JD monthly

Summary

Suffice to add, recent earnings were indeed fine. Its notable the stock saw a black-fail candle at resistance Nov'13th.

Soft bullish target are the 49/50s, which are clearly out of range before year end, but look a given within spring 2018. The more cautious will stick to Alibaba (BABA), which has proven sig' profits.