Timonrosso

JD.COM showing upside soon to come to $35

Long
BATS:JD   JD.com, Inc.
Inverse Head and SHoulders seems to be forming on the JD.COm

The market has come down from a high of $42 down to $21 since July 2023.

Then there was a solid consolidation and higher lows forming, before the next move.

Now we do have a potential Inv H and S but it's still of a Medium Nature.

Price>20
Price<200

The target is around $35.01 but we need the price to first break up and out of the neckline.

Let's wait and see.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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