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Benji
Jun 24, 2018 6:48 PM

JD - JD.com Long

JD.com, Inc.NASDAQ

Description

JD yet again offering up a long R:R setup after pushing up the first time.

I think we can look for a re-entry around 40.70 with a stop around 40.00. If you wanted a bit more bullish conformation, you could take the trade with price moving above the last two days' highs.

I'm looking at the Aug17 $40 calls, with the plan to roll up and out in time if JD starts to move. Earnings are also right before this expiration, something to take note of.

130m chart:
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