$JD looks a little young to me for a breakout just yet. Thinking we see a move to the .618 & 200 MA, only to see a fall back to wedge support/demand.
Pretty bearish gap. Played it yesterday for a small gain. Very strong support though on JD. Looks /appears to be a good buy low, sell high swing area.
JD's revenue growth is outstanding. China's economy is slowing but I think Chinese consumer is overall strong.
Currently waiting for a perfect chance to short as wave 4 can not touch the territory of wave 1. Which means a tight stop. Actually there is a little room for the bulls this Friday.
I don't think this triggers... the 200 SMA is at 29.41 on the daily. R:R isn't amazing. This is probably a b+ trade
If it breaks, room to rise above it as it could head towards $38.
7/17/15 Nice Morning star reversal type of pattern off the 200 SMA. Nice gaps and bounces off the 100 SMA. Nice gap today. Overall this looks like more of a bullish trade longer term as a swing.
Tomas is keeping an eye on this trade. Nice MSR off the 100 SMA and strong (old resistance, new support)
Nice looking bullish volume. Also could consider bullish swing if it continues higher and or closes above the all time high.
JD expected to open at 29.47 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com