JD.com sits in daily support

JD is the largest retailer in China, a member of the NASDAQ100 and a Fortune Global 500 company. 

It was founded in 1998 and they launched an online marketplace business in 2010 which allowed them to expand their product offering. They release their earnings before the open on Thursday May 11. 

Although the seasonal data is only based on 8 years there is a bias towards summer gains. Could this bias coincide with a lift in China’s economic activity post covid? Seasonally, the company has gained 75% of the time with an average return of 8.90%.  

Major Trade Risks: 
The major risk here is to do with the outlook for the global economy and whether or not China’s anticipated post Covid pick up emerges. 

Remember, don’t just trade it, but Seasonax it!