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RalphPB
Nov 21, 2021 5:06 AM

JD  Long

JD.com, Inc.NASDAQ

Description

Buy - Strong momentum continues


Assigning a 80% of win rate for the next 20%+ return in near term (will judge if that's more to go until it reaches the point). It should hold until it is broken (below the curve). What is more encouraging is the meaningful breakthrough of the upward triangle as well (with trading volume on Nov 18 and Nov 19 moderately larger than the previous trading volume over the past few weeks).

In short, both the (i) cup and (ii) triangle pattern set-up suggest a near-term bullish signal/opportunity. Please check my previous chart analysis on JD as well.
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