JD.com (ticker:JD) has been punished hard since reaching a high of $45.23 back in June 15, 2018. Partially because of the US-China trade war, and also some bad news from their CEO who was arrested then released. Some analysts are calling for more downside action, saying there is still room for 13% more to fall. When I start seeing articles like that, I get the feeling that the big boys are trying to bring the price a little lower and start loading up longer term positions. After all JD.com is still a very strong company, but just ended up being picked on.
I’m long term bullish and I might look to add a few more shares at around this price.