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bullish
JD.com (9618-HK): Positive Technical Analysis Signals
Wium has highlighted this Insight as a Top Pick
319 Views22 Oct 2024 01:00
SUMMARY
- Despite a share price correction this month, JD.com (9618 HK) remains firmly amid an earnings upgrade cycle driven by improved profitability expectations.
- Following significant share price volatility over the past 2 months, JD.com’s near-term momentum indicators currently display bullish signals.
- JD.com still trades at more than one standard deviation below its 5-year historic average forward PE ratio, and near the lowest level it has ever been.
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