Nice levels split for stock to go up or down.
Breaks 70.50 - 78 Put with the goal of gaining $200 $400 - drop to 68 range
Breaks up through 72.70 - 68 Call
*****Not a financial advisors***** - Don't let the greed monster come see you.
jd stuck between strong support and resistance, I don't expect any big moves anytime soon unless we see resistance/support break and hold.
neutral at the moment with no price targets, like and follow for more! 💘
JD made quite a comeback amongst the Chinese stocks
because its business is more diverse...a little bit of joint
business with the other big names.
If JD breaks above those compressed ma ribbons & get past the cloud, that would be very bullish.
Again, not financial advice
I’ve been watching this company for a long time, and even have long position at the price of 65.6.
JD.com made clear impulse up by Feb 2021 after which it began to decline.
At the moment, the entire decline after ATH I can count as zigzag ABC, where B is triangle. From level 61.65 (+ reaction from 50% Fibo level) the price formed leading diagonal plus ABC...
my thoughts were accurate for the 3 Chinese stocks and now we are waiting for re-entry after the decline.
the positions were closed half yesterday and half before yesterday trading day
disclaimer
New trader here, would greatly appreciate any feedback on my rudimentary analysis.
I have been watching $JD and am proposing the potential development of an Inverse Head and Shoulders pattern.
I would now be looking for a pullback from the neckline (top purple box ~$71) to the shoulder line (middle purple box ~$65), before a break of the neckline to enter a long...
I think the selling mood in Chinese tech stocks are not over , just yet. Look at JD.com past three days performance and you can tell it has some more room to go south.
So, I will be patiently awaiting at the desired price level.
The price has reached the upper limit of the trend forks. We are observing the final part of the correction. At the moment, the price has broken through the median of the trend forks, which means that it should at least test the lower boundary of the equilibrium channel area (61-60). I assume that the correction should end in the 55-50 area.
JD has lost a third of its value in just over a month. Let’s take a look if we can pick the stock up over the next days.
Elliott:
We are looking for a wave C with 5 sub-waves. We can count a completed 5-wave move to the downside now. Alternatively we expect one more wave to completion. These two interpretations give us two potential buy levels.
Geometry:
Price...
