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
$8.50 premium.
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.
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...
JD.com running a bit low on energy, currently walking the short term bear channel down to the longer term bull channel in play. Watching for price to break below purple line at which point the bull channel should resume. Overall longer term channel appears to be fairly responsive to price action through this point. Watching for price breakouts above the purple...
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...
Potential bear trap in the way the Fibonacci line has a very tight price range between Fibonacci lines.
Leaving support resistance zones kinda indistinguishable
Risky buy
RSI bearish divergence. Coronavirus issues will affect sales in china and I expect q1 earnings to be affected at a minimum.
Do your own DD, this is just my opinion.
JD has formed a falling wedge, which has sparked a bull run leading to the formation of a diamond top with a double Adam structure, consequently this top created a bearish run pushing the price down to ~ $19, since then a bearish ascending wedge has formed, this may induce a movement similar to that before the falling wedge, indicated by purple fractal. Some...
JD.com, the Chinese equivalent of amazon is at the bottom of a broad channel. It will be interesting to see what spy does in coming days as this could be a good R&R opportunity. Potential upside 25%.
