JD.com - The sky is not fallingThe image of several charts related to China's companies has turned quite ugly lately.
I was reading some articles concerning China, JD.com and looking also at Investors' comments as to several China stocks.
Although equity markets became cloudy lately, looking at JD.com I do not see the sky falling.
According to my calculations we had the first phase of uptrend (in 5 Waves) and we are now at the final stages of the move down (in 3 Waves).
As soon as C ends - we are not far away from that level - I believe that JD.com will start a new and very important phase of uptrend.
I have as target $60+ for this phase, then a 4th down and a 5th phase up which will be higher (I did not have enough space to place it).
But for now let's focus at the end of II with the C and then there will be time to discuss the $60+ target.
The C will most probably end just above or at the yellow rectangle.
Once there is confirmation of the new phase up, I will update the analysis.
What to do: the simple way is to gradually accumulate stocks of JD.com, a really excellent company.
Now that there is fear for China stocks, the period seems interesting.
Another possibility that I am thinking, is to start picking as of today some Call options Val. Dec 2018, Strike price $33 ($2.30 at this moment)
be “Fearful when others are greedy and greedy when others are fearful.” as the Great WB once said.
