In today’s briefing:
- JD.com Inc (9618 HK) – Prominent ST Momentum Failures – Target Tactical 9-18% Rise
JD.com Inc (9618 HK) – Prominent ST Momentum Failures – Target Tactical 9-18% Rise
- JD.com Inc (9618 HK) has declined heavily in 2023 (-44.5%), producing a new 5 month low of 143.50 on 13 April 2023.
- The 143.50 low was plagued by extreme ST momentum failure and the new low was quick to fail and reverse.
- Our TSS methodology triggered a TSS < 10 at the low and justifies a further 9-18% upswing in the coming 1-2 weeks.
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