JD was in our watch list from quite a while as a short candidate. Now it has broken down its upward channel formation. It has potential to dropdown all they way down to $35 area. We think it will be a good short if it breaks down or retest channel line.
* Trade Criteria * Date First Found- August 17, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- Drop below $40.67 or rally back to $41.80 Exit Target Criteria- $35.07 Stop Loss Criteria- $42.63
Please check back for Trade updates. (Note: Trade update is little delayed here.)