BABA to the Moon, little brother JD to the cloudsBABA's little brother JD setting up a similar Head and Shoulders pattern after a harsh fall, what goes down must come up. Looking to long on the neckline break or earlier if I'm feeling risky. It's weird that many stocks are forming this pattern recently, free money everywhere, I made a lot of money and I hope those that followed my ideas did too!
Weekly Chart for zoomed out view:
JDC trade ideas
JD is it a safe short or an early reversal?JD on the 1H chart has been in a solid downtrend worthy of shorting.
However, the zero-lag MACD shows a line cross under the histogram and
a red to green there. The signal has curled. This looks like subtle
divergence. Price is in the area of the mean anchored black VWAP lines.
The mass index indicator is double tapping the reversal zone.
So, what you think? Is there more downside or instead is JD going to
bounce and move up? Please offer your comment !
JD in a downtrend but.. 🚀looks like a tight consolidation near lows and ready to test extreme trend resistance once again
Scenario one: we hit trend resistance/50-55 area and the downtrend continues
scenario two: we hit and break that trend resistance and rally to 80 (100%+ from here) 🚀
boost and follow for more! thanks 💜
JD Long Term Investment to New All Time High JD has a buy zone between $33.50 and $38. I was willing to buy JD between $33.50 and $36.
Target Prices
TP 1
White resistance line with a price target around $53-$55
TP 2
Red resistance line with a price target around $63-66
TP 3
$93.60 is the third price target
TP 4
$107.93 is the fourth price target then JD can find price discovery to form a new all time high.
JD.com Inverted H&SJD.com has created an inverted H&S pattern over the summer and is attempting to break above the neckline. This isn't a textbook H&S since the neckline hasn't been a hard resistance level for price when looking at the violation above the neckline at the right shoulder, but that appears to have been an outlier with a gap up and almost immediate gap back down below the neckline. Although not textbook, this pattern is similar enough to warrant attention as price is currently attempting a break above the neckline.
The PPO indicator shows the green PPO line rising above the purple signal line which indicates short-term bullish momentum. Both lines trending above the 0 level indicates intermediate to long-term bullish price momentum. Going forward we want to see the green PPO continue to rise above the signal line.
The TDI indicator shows the green RSI line rising and crossing above the 60 level while trending inside the upper half of the white Bollinger Bands. This indicates a short-term bullish trend in price. Going forward we want to see the green RSI line continue to rise above the 60 level, with an overall trend between the 40-80 levels to indicate intermediate to long-term bullish price trend.
My entry on this trade was at $38.98 with a current stop-loss at $35.57. Should price break above the neckline and continue to rise I'm looking at resistance near the 200ma at the $45 area to take profit, but am also going to be watching for a potential measured move near the $48 level if price manages to push through the 200ma with ease.
JD LongI see multiple top patterns in this underlying while I see that there was significant volume for the last periods while there was no significant move there. In my personal opinion if JD succeeds in breakout $40.6. it could easily reach to $45. put sl in this underlying in necessary I am long term bull on JD
JD LONGAside from running together with NYSE:BABA which is on the verge of a large breakout shared in a prior idea, JD here is breaking out from this multi-month wedge with multiple gaps above. If above $42 there is room for a run towards gap fills 44.82 and 51.71 with the red line above being major resistance.
$JD shows a turning patternNASDAQ:JD shows a double bottom pattern and has a potential to achieve 54 per item in 2-3 months.
Good company and definitely, oversold. Will show much more, but in short period we have a good potential to take 40-50$ of revenue.
Does not constitute a recommendation.
#investing #stocks #idea #forecast #furoreggs
If you want to discuss, please subscribe and challenge my point of view )
Is JD a Chinese economy equity setting up a reversal?JD on the long term weekly chart appears to be in a descending wedge pattern which
would generate a bias for a breakout upside. Price is now supported by the one standard
deviation line below the VWAP bands anchored to 2019. The analysis of the ultralong term
volume profile is that the Point of Control is just below price and that the vast majority of
trading volume has been above the current price. I can readily presume that JD is at or
near a bottom and most certainly the 1, 2, and 3 year lows. Analysis on higher time frames
such as the weekly are more likely to be accurate with good signals. On the MACD signals
have crossed in mid-May and now ascending in parallel toward the zero line while price
is bouncing around at what I will call the bottom. Said another way, the MACD is showing
bullish divergence. The upside here over a long term could be as much as 250% and much
much more with a long expiration options contract. I will open a long trade here in
a small position with a stop loss below the POC line and DTA into it over time whenever there
is a pivot low on the weekly chart. I am confident that the Cinese economy with supposedly
zero inflation will be an excellent backdrop for Chinese stocks to run higher in due time.
betting for JD > $45 with options- buy-to-open a vertical call debit spread exp 09.15
- sell-to-open a vertical put credit spread exp 08.18
This is a bullish strategy with limited risk of $562.00 and limited potential reward of $436.06.
This strategy will profit if the stock closes above $36.46 by Aug 18, 2023.
There is a 59.79% probability this will happen.
Trade the island reversal of JD using 40c expired in SepAn island reversal is a price pattern on bar charts or candlestick charts that, on a daily chart, features a grouping of days separated on either side by gaps in the price action. This price pattern suggests that prices may reverse whatever trend they are currently exhibiting, whether from upward to downward or from downward to upward.
The island reversal can be a top or a bottom formation, though tops are far more frequent between the two. The island reversal formation has five standout characteristics:
A lengthy trend leading into the pattern.
An initial price gap.
A cluster of price periods that tend to trade within a definable range.
A pattern of increased volume near the gaps and during the island compared to preceding trend.
A final gap which establishes the island of prices isolated from the preceding trend.
JD , we could be in for a trend reversal. Here's what I see for JD on W1.
Looks like it has completed a textbook 5 waves move to the downside and bottomed out slightly below the 67% fib (liquidity grab). Wave 3 had the highest volume and the EW oscillator had the highest hump at wave 3, so bascially we have already bottomed or are very very close to a bottom. The move from wave 4 down to wave 5 has created a nice "b" type volume profile with tons of volume imbalances.
Meanwhile MACD is curling up , so let's see if we can get a third touch of the trendline.
My first TP would be at around $50 and second TP at around $68 - $80.
JD: ¿time to buy?JD is currently in a potential trend change cycle with a likely bottoming out of prices in the short-term. With the current price sitting at $35.80, buying at this level presents an advantageous entry point as the stock has potential gains of up to 200% if it returns to its previous all-time high (ATH).
In potential upward movement, the initial target range sits between $43 to $45 with further immediate resistance around the $47.20 to $48.80 region. From there, if the stock continues its upward movement, JD could climb to the $63-68 range. Lastly, if the momentum continues, it could see a final upward movement to potentially reach its previous all-time high of $91.40.
Despite possible fluctuations, the aforementioned levels present strong reward potential with a short-term time horizon. It is expected that JD will continue to play around with the current buy zone for several days or even up to two weeks before any significant shift occurs. Overall, cautious optimism is advised for traders with an active eye on the JD stock.