Hi everyone.
On 31/08/2022, our system had provided a few picks and the results are as below:
JD – (Buy) – Withdrawn
BABA – (Buy) – Withdrawn
Stocks finish lower as the S&P 500 failed again at another key technical level, trading below its Tuesday lows and extending its losing streak to 4-straight days as major averages close in negative territory to end the month. The Dow was down by 280 points, the S&P down 0.8% and the Nasdaq with a 0.6% loss.
Let’s review our stock picks on Wednesday.
Call for buy for JD which was withdrawn but the call was made is the right direction. Our system withdrew because the price opened with a gap above our EP before trading sideways throughout the market.
JD.com, Inc. provides supply chain-based technologies and services in the People’s Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, books, automobile accessories, apparel and footwear, bags, and jewelry.
Call for buy for BABA which was withdrawn but the call was made is the right direction. Our system withdrew because the price opened with a gap above our EP before trading sideways throughout the market.
Alibaba, a Chinese multinational technology company is currently hot in the news today as Bloomberg released a report that the group is set to apply for a financial holding company license. The initial IPO plan was held back in late 2020 after Alibaba CEO Jack Ma appeared to criticize the Chinese leadership in a speech.
Stay tuned for more of our stock picks.
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