Dec. 23 at 9:32 PM
$JD The unusually high after-hours volume in JD fits well with the ongoing buyback program, which was decided in August 2024 (!!). Of the USD 5 billion framework valid until 2027, around USD 3.5 billion is still available, i.e., around 70–75% of the authorization. This provides sufficient leeway to generate noticeable volumes even outside regular trading hours.
The candles on the Hong Kong chart show a similar picture: very long lower wicks indicate repeated buying on weakness and suggest supply absorption rather than genuine selling pressure.
At the same time, the assumption remains that the breakout from the middle wedge on the weekly chart is currently being backtested as part of correction wave 2.
lets see.
