China E-Commerce Stock to Buy on The Dip

Options look attractively priced at the moment

Digital Content Manager
Jan 31, 2023 at 3:09 PM
facebook X logo linkedin

China-based e-commerce name JD.Com Inc (NASDAQ:JD) is down 0.2% to trade at $59.72 at last check. While the stock has struggled over the past 12 months, shedding 15.2%, JD bounced off its 2022 low of $33.19 before running into long-term resistance at the $68 level. The shares now look ready to attempt another rally, with support from the $58 region, after pulling back to a historically bullish trendline that has boosted the equity in the past.   

Digging deeper, JD.Com stock has pulled back to within one standard deviation of its 50-day moving average. Per Schaeffer's Senior Quantitative Analyst Rocky White's most recent study, JD saw seven similar signals over the last three years, and was higher one month later 86% of the time, averaging a 4.4% rise. A comparable move from its current perch would place the security back above $62.


 JD 50 Day 

Options traders are already overwhelmingly bullish toward JD. Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the security's 50-day call/put volume ratio of 3.92 ranks higher than all readings from the past year, indicating calls have been getting picked up at a much quicker-than-usual clip.

Options are a good way to bet on stock's next moves. This per its Schaeffer's Volatility Index (SVI) of 50%, which sits in the low 7th percentile of readings from the past year. In other words, options traders are pricing in low volatility expectations.  


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI