JD is currently in a potential trend change cycle with a likely bottoming out of prices in the short-term. With the current price sitting at $35.80, buying at this level presents an advantageous entry point as the stock has potential gains of up to 200% if it returns to its previous all-time high (ATH).
In potential upward movement, the initial target range sits between $43 to $45 with further immediate resistance around the $47.20 to $48.80 region. From there, if the stock continues its upward movement, JD could climb to the $63-68 range. Lastly, if the momentum continues, it could see a final upward movement to potentially reach its previous all-time high of $91.40.
Despite possible fluctuations, the aforementioned levels present strong reward potential with a short-term time horizon. It is expected that JD will continue to play around with the current buy zone for several days or even up to two weeks before any significant shift occurs. Overall, cautious optimism is advised for traders with an active eye on the JD stock.
In potential upward movement, the initial target range sits between $43 to $45 with further immediate resistance around the $47.20 to $48.80 region. From there, if the stock continues its upward movement, JD could climb to the $63-68 range. Lastly, if the momentum continues, it could see a final upward movement to potentially reach its previous all-time high of $91.40.
Despite possible fluctuations, the aforementioned levels present strong reward potential with a short-term time horizon. It is expected that JD will continue to play around with the current buy zone for several days or even up to two weeks before any significant shift occurs. Overall, cautious optimism is advised for traders with an active eye on the JD stock.
Comment:
Almost there! Next week is important for this possible entry.