Strong RSI bullish divergence. Recent completion or soon to be completion of wave 5 @ below ICO price.
Negative news is no longer affecting the stock price as much, as the momentum of the sellers are weakening due to the smaller price decreases. Once sellers are out of bullets, only buyers are left. Buy JD hand over fist.
Note: This is not an investment advice but my opinion alone. Please feel free to comment.
JD has been picking up steam since it reached its IPO level. As you can see from the RSI that buyers came in even though it was setting a new low which is a bullish signal. It also went above the resistance line and it if can stay above that, I see it getting to the 200 EMA. ...
The chinese market has been hit hard since the trade war began and jd.com has been no exception. The stock is almost at an all-time-low and therefore has a huge rebount potential!
There is a strong RSI bullish divergence and the sellers doesn't have much ammonition left. I predict this stock to be one of the winners of 2019.
Please don't forget to give a like ...
As you can see from the picture, a classic bottom divergence pattern forms. Once we see a 'gold cross' of MACD in next week(usually it takes 3-4 days to happen), a short term buy is suggested.
Feel free to share your thought. Please don't forget to like if you appreciate. Thank you.
Hi guys ! Post my recent idea for a long position at JD.com. Technicaly the Vortex Index tends to crossover because -VI reached high oversold levels and it is a solid signal for a trend swing. Also the bottom bollinger points no further breakout. Also ADX tend to find a direction. From a fundamental scope the recent Trump- Xi "deal" could boost the stock and ...
One of the casualties of the US/China trade war has been JD. Long term it has now touched 19-20 for a bottom three times. Will it hold? I think the company has a lot going for it. But investors have been super bearish on Chinese tech these past 6 months or so. I think this will depend more on negotiation and escalation of trade war than technical analysis.
JD.com has been in a downtrend since it topped early this year. This weekly chart shows why it is no longer an ideal sell short. The stock has declined steadily, losing more than 50% of its price value and JD is now at a support level that is strong, where buyers are likely to start moving in. At this time, a sideways pattern is likely, or a bounce up today if ...
It looks like JD has alternated between missing earnings and delivering a big surprise.
With the stock down 50% from the top, we think it's about to pop to the $29 Fib line - even up the $32 200MA in the next few weeks.