JD.com - 30d expiry - We look to Sell at 66.98 (stop at 71.07)
Bespoke resistance is located at 67.
Resistance could prove difficult to breakdown.
67 continues to hold back the bulls. 67.87 has been pivotal.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Looking at the JD options chain ahead of earnings, i would buy the $47 strike price in the money Calls with
2022-11-18 expiration date for about
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Order SELL JD NASDAQ.NMS Stop 51.29 LMT 51.29 will be automatically canceled at 20230401 01:00:00 EST
JD daily evening star reversal at 38% Fibonacci retracement, take profit to 50% fib extension wave 5 of downtrend.
We look to Sell at 67.06 (stop at 69.54)
Previous support, now becomes resistance at 66.00. The move higher is mixed and volatile, common in corrective sequences. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to sell into rallies close to the 66.00 level.
Short Term - We look to Sell at 65.66 (stop at 69.54)
Previous support, now becomes resistance at 65.00. The 200 day moving average should provide resistance at 68.32. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to sell into rallies close to the 65.66 level.
The buy zone I'm looking at are in between $50 - $48.
Next possible resistance to close position would be around $60 - $62 (Mid BB/Fibo in H4) perhaps even up to $64.
Daily show a different overview currently the Mid BB/Fibo located around $68 - $70.
Any solid closed candle below $48 would mean that this idea is invalid.
**This is just my personal idea and do...
China Stocks Are Very Bearish , As Us / China relations strained over many issues tensions leading toward increased negativity = escalation into a red market.
Also earnings are 5/11/22 Leave Your Thoughts, Thanks.
JD.com - Short Term - We look to Sell at 64.14 (stop at 70.67)
Previous support, now becomes resistance at 62.00. 50 1day EMA is at 67.80. The bias is still for lower levels and we look for any gains to be limited. We look for losses to be extended today.
Our profit targets will be 46.03 and 41.10
Resistance: 65.00 / 80.00 / 90.00
Support: 50.00 / 41.00...
Price target for JD is $62.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
JD.com, Inc. operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and...