entry ~39.7 stop loss ~38.9 target ~42 potential gain of 5.8% or higher if you re-evaluate the chart later and adjust the stop loss accordingly potential loss of ~2% approx 3:1 risk reward ratio take this with a grain of salt
On daily chart JD has completed a bullish gartley pattern at 37.45, and price has stand firm on 39 level with pin bar, together with gold cross over of MACDhints a further advance. Buy the dip, and target can be set to 41.46, 43 and 44.34.
buy point ~ 39 stop loss ~ 37 target ~ 45 risk ~ 5-6% potential gain ~ 15-18% 1:3 risk to reward ratio take this with a grain of salt. feel free to raise the stop loss instead of selling given that you believe JD will benefit from the growth of ecommerce in China. check them out.
Monthly and Weekly calls good to consider. Feel free to comment if you have any input on this chart. Thnx!
JD.COM rallied from 20 to 49 within a year, and after it failed to break 49 fig level in 8/8 in addition to the earnings report in 8/8, it plunged about 20%. JD is one of the most competitive competitor with BABA, as this BABA rocket keeps on surging to the sky, JD should also be attractive to those who are too scared to buy BABA above $165. Based on this bullish...
JD was in our watch list from quite a while as a short candidate. Now it has broken down its upward channel formation. It has potential to dropdown all they way down to $35 area. We think it will be a good short if it breaks down or retest channel line. * Trade Criteria * Date First Found- August 17, 2017 Pattern/Why- Upward channel breakdown short Entry...
JD good spot to get long at 50% retracement