stocksbayarea

JD next stop 29$

Long
NASDAQ:JD   JD.com, Inc.
I guess it should retrace back a little to 25$ range and then carry on the upward path to 29$. This is surprisingly moving fast so I would see a nice 20% growth soon.

4hr and Daily chart suggests the crossover of 50 and 200 EMA. Also a nice bounce from Ichimoku on the 4hour suggesting a nice support and faith in the stock. JD is a big company and US China deals may lift it up to where it really belongs ie 40$ but i would not be greedy and pull out at 30$ to be honest.

PS. not an investment advice
Trade active:
JD seems to be really hitting all the targets really soon. Will be interesting to see how it reacts in the upcoming days and waiting for it to settle down at a support level. Really bullish on this one for now.

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