JDC trade ideas
Look at the volatility in JDThis thing looks like it's getting ready to blow and the path of least resistance is probably up amirite? What's going on with all these gaps?
JD 11/20 target $95JD 11/20 target $95. Do your own due diligence, your risk is 100% your responsibility. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action
Volume average
Trend momentum
Current events
Revenue & Earnings
Debt / Cash
Book value
7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO
Lack of planning & discipline
Forgetting restraint
Repetitive errors
7 Important tools:
Trading View app
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Brokerage UI
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
www.tradingview.com
$JD with a bearish outlook after earnings releaseAfter a negative under reaction following $JD earnings release, The PEAD projected a bearish outlook placing the stock in Drift D
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JD wait for 82 to buyMonthly
Uptrend
Weekly
Uptrend
Daily
Wait till correction ended
Open 82 SL 75
TP 92
RR 1.7
Possible date for $JD reaching potential 126.84 price level Based on previous upswing within a price channel. JD may reach 126.84 by Dec. 14 2020 if:
-it breaks back into the price channel
-closes above the bottom channel and stays within the channel
*may hug bottom of the channel before moving up
**if doesn't break into the channel, then may range sideways before moving up (if this happens the channel & potential scenario is no longer valid)
be patient. Soon you will reach an attractive areaThis upward trend is very harmonic , and has no obstacles to continuity, it is prudent to expect a regression to the center of the oscillation
Range break for $JD around earnings 11/11Highly likely to break up within next 5 sessions --> before or after earnings? Or will election have larger impact?
The story of a trading range breakout told on $JD dailyAn interpretation of the underlying actions of market participants & what these actions signal.
be patient. Soon you will reach an attractive areaThis upward trend is very harmonic, and has no obstacles to continuity, it is prudent to expect a regression to the center of the oscillation
**11/13 MARKET RECAP** $SPY $AAPL $NIO $JD $BA $BYND $SNE Recap of todays FIRE trades AND what 11/16 could look like.
JD oversold bullish reversal Williams %R Oversold Bullish Crossover:
JD is currently oversold, and momentum is showing signs of a trend reversal.
JD already gapped up above support, expecting JD to hold support level and run up towards ATH
$JDPosition :
Entry price: 87.12
SL: 81.46 (-6.5%)
TP: 384.00 (+19.4%)
R:R: 3.
Fundamentals :
Sector: Retail - E-commerce
EPS % Chg (Last Qtr): 52%
3 Year EPS Growth Rate: 47%
EPS Est % Chg (Current Yr): 59%
Sales % Chg (Last Qtr): 30%
3-Year Sales Growth Rate: 25%
Annual Pre -Tax Margin: 2.0%
Technicals
Cup with handle breakout
JD.com analysisBuy levels: Over $92.75 and $90 and $86
Resistance levels: $92.75 and $92.5 and $93.96
Support levels: $92.17 nd $90 and $86
Cut loss: Under $86 Strong support
Earnings date: 11/13
Estimated move: + 5.6578%
Price targets: $93.96 and $95 and $97
Analysis: JD is trading in a weekly uptrend in an ascending triangle(bullish pattern). With singles day coming up in China and expected sales numbers to boom, JD.com can be a perfect run up play going into earnings. (More in depth technicals in video)
Chart link:
China stocks look like a safe haven pre-electionJD is breaking out here. We also have a cup and handle:
And here's what the Chinese internet ETF (KWEB) looks like:
