Strong RSI bullish divergence. Recent completion or soon to be completion of wave 5 @ below ICO price.
Negative news is no longer affecting the stock price as much, as the momentum of the sellers are weakening due to the smaller price decreases. Once sellers are out of bullets, only buyers are left. Buy JD hand over fist.
Negative news is no longer affecting the stock price as much, as the momentum of the sellers are weakening due to the smaller price decreases. Once sellers are out of bullets, only buyers are left. Buy JD hand over fist.
Comment:
We got a much needed bounce today. keep an eye when price gets near the top of the channel. It is a critical juncture, a breakout from there would be confirmation of upwards movement. This likely will happen if: 1. CEO charges are dropped/settled out of court 2. G20 Trump and Xi begin framework for trade deal negotiations
Comment:
#2 happened, and de-escalation began between Xi and Trump. We are now at the top of the channel. I expect a bounce down from that channel, and at least retest the midpoint or the bottom of the channel before going up.
Ideally it should hold the bottom and not form lower lows.
Ideally it should hold the bottom and not form lower lows.
Trade active:
For the bull case scenario, we need to close this week strong. If we trade sideways or slightly up from here we will close green on the MACD weekly candles.
THIS WOULD BE A HUGE BULLISH SIGNAL. If we close tomorrow 12/14 with a bullish MACD cross over on JD, you can bet your sweet behind this will fly.
THIS WOULD BE A HUGE BULLISH SIGNAL. If we close tomorrow 12/14 with a bullish MACD cross over on JD, you can bet your sweet behind this will fly.
Trade active:
As predicted in scenario 1 earlier. JD CEO got off on charges, and now prices is rocketing back into the channel!