JDB trade ideas
$JD breaking out of YTD wedge formation? After breaking some longterm tread lines yesterday, JD.com showing some redemption today. Going be the final bottoming of year-to-date wedge formation and could now push higher. July and September $40 calls popular last week. Volume drying up, and RSI shows possible inverse H&S pattern ready to move up.
Bilateral pattern on JD: Ready to gain $10 or lose $10?JD is facing a critical point over here. After a disappointing result in Q1 (due to heavy investment on AI, logistics, etc.) JD was heavily punished by the market. There is a signal of recovery over here with a bullish divergence. The descending triangle has two opportunities. Further down movement or breaking through and moving up again.
Target upwards: 45
Target downwards: 25
Following this one.
-- Just personal doodles, no financial advice --
JD, Daily chartJD.com is the world's leading company in high tech and AI delivery through drones, autonomous technology and robots, and possesses the largest drone delivery system, infrastructure and capability in the world. It has recently started testing robotic delivery services and building drone delivery airports, as well as operating driverless delivery by unveiling its first autonomous truck
Using a CLONING technique share by @nmike, an original channel is drew as shown. After that, an identical channel is being cloned and STACKED above the current channel for potential future price movement, which is to be validated in 3-5 years.
A target of ~125 is forecasted which we do not know whether it will happen or not.
Disclaimer: This is NOT a suggestion to buy/sell and this post only serves as analysis and research work at best