JD.Com Inc

JD is in an early Stage 1 consolidation after a terminal decline, showing initial basing and structural repair at short-term EMAs. The active Bullish Pivot Point pattern signals downside control has failed and upside mean reversion is underway. However, price is extended above the rising 9EMA and 20EMA with overbought readings, offering no immediate entry. We will stalk entries on a pullback into the 9/20 EMA zone or the early stabilization range for patient accumulation in line with our Value + EPS approach.

• ↑Revenue rose 22% YoY in Q2 2025, with JD Retail margins improving.
• ↑General merchandise sales grew 19% YoY, led by supermarkets and health products.
• ↓Operating expenses pressure margins, reflected in weak profitability metrics.