TradingView
QualQuantTrade
Nov 15, 2020 7:30 AM

The story of a trading range breakout told on $JD daily Long

JD.com, Inc.NASDAQ

Description

An interpretation of the underlying actions of market participants & what these actions signal.

Comment

Bar 9 is very bearish and tested, but did not penetrate the top of the previous trading range. Earnings report (although showing growth) had impact as did MRNA vaccine news (seems ecommerce goes down with positive vaccine news). Since earnings were strong and price didn't violate support, there's a chance it will recover in the following days.
More