lauralea

Possible Inverse Head and Shoulders

NASDAQ:JD   JD.com, Inc.
The right shoulder has not finished forming so I called this a "possible" inverse head and shoulders. If the right shoulder goes below the head (66.55), then it is Not an inverse H&S pattern. The pattern would be invalidated.

Also that may be an inverted hammer today, but we have not closed yet so this can change by day's end. (11:30 am when I posted this)

Long entry level is a break of the neckline with an uptrend. A stop can go under the right shoulder on this one but JD does not exactly have one yet )o: It needs to be a clear bottom, and since today is a lower low than yesterday, I do not see it as a true shoulder yet.

Many would like to see the right shoulder higher than the left shoulder as they feel it is more bullish.

No recommendation
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