JD.COM may extend its upward trend, supported by its share price currently above the 20-day and 50-day EMAs. The widening gap between these EMAs indicates strengthening momentum in the current trend. Additionally, the narrowing gap between the MACD and signal line suggests a potential bullish crossover, which would likely add further strength to the uptrend. We expect this positive trjectory to steer the stock higher and test the next resistance level in the near term
Net profit is expected to grow at a CAGR of 9% for the next 3 years with strong net margins higher than 3.5%.
Source: Rakuten Research - 29 Oct 2024
To sign up for an account : http://bit.ly/40BNqKI
[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo