Looks like $JD is about to explode, seeing big call sweeps come in for $80c 12/18/2020 with a darkpool of 110.932 shares ($8.9 million) that came in at 4:46pm after hours creating a support level here.
Since curving down and bottoming at 71.76 NASDAQ:JD has moved back up along a similar curve. As long as this curve holds JD could push back above 79.27 resistance and with the right conditions it could jump from 80.70 to 85+. Something to consider on JD is the MACD reaching a buy signal and the last 5 days have been higher opens with a close lower than the open....
$JD is forming a gorgeous wedge and is now attempting to pressure the top end (for the second time). If buyers can manage the run above wedge highs with conviction, there isn't much stopping the buyers from wanting a pullback to push higher again.
Head and Shoulders bearish pattern on daily, below the neckline would be confirmation ($41). The november put/call ratio is 2.75! The fib retracement is at the .50 fib level. Keep on eye on this breaking lower . Good Luck!
Another stock that's in my portfolio is JD.com (NASDAQ: JD), the national e-commerce giant second only to Alibaba (NYSE: BABA) in gross merchandise volume. It did remarkably well in the first quarter, when China saw its first economic contraction since the government began reporting statistics. It did even better in the second quarter as the wheels of the economy...
JD has been in an ascending parallel channel since the COVID-19 peak in March and shows no sign of slowing down. I sold an October 16 2020 62.5 Put @ 1.03 near the bottom of the channel today with the idea that the uptrend will continue over the next couple months. This is one of China's biggest e-retailers and its been having a great time with extra sales due to...
Here I see an inverse head and shoulders formation that could produce a pretty quick 10% pop. Furthermore, as long as the yellow trendline supports the trend, I will stay in the trade.
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Earning coming out for JD AUG 17
Should beat Market expectations (again)
how high it jumps on that good news i have no idea.
I put in a sell at 73 and 81.
I think the next quarter will not be so good - they have to slow down growth on this site. But I don't work there so they didn't ask me.
Over all this stock can still grow. I'm long...
$JD Oversold at Support
JD.com closed down -5% today while holding $62 support from mid-June.
Looking for a bounce near term. Targeting $72.00-$75.00 range by early August.
Note: Not investment advice.
I am really bullish on this stock long term, good management team, good business model and a very strong development in the AI sector.
But, given the pandemic we are still assisting all over the world right now, the stock has just been riding the wave - similarly to amazon, shopify, ebay and all other ecommerce platforms. But I think it's now time for a little...