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JD.com (JD) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
JDJD(JD) ZACKS·2025-04-07 14:55

Group 1 - JD.com, Inc. has experienced an 11.5% decline in stock price over the past week, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging [1][2] - The hammer pattern indicates a possible bottoming out of the stock, with selling pressure likely subsiding, which supports a bullish outlook [2][4] - Recent upward revisions in earnings estimates for JD.com, with a 6.6% increase in the consensus EPS estimate over the last 30 days, further bolster the case for a trend reversal [6][7] Group 2 - JD.com holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, indicating strong potential for outperformance in the market [8] - The Zacks Rank serves as a reliable timing indicator for investors, suggesting that JD.com's prospects are beginning to improve [8]