JD this stock is stale. I've been in a $34 Long for a month now, and the only time that it has been in the green was right after earnings during premarket hours, then back down it went. My Long expires 9/5. 😏 Good luck to anyone who's playing with this mess.
JD super juicy long term entry here, hopefully you didnt get shaken out or worse, shorted at the low; JD has low retail interest, its all institutional moves, thats why im trading it, the signals are more readable without retails chasing and messying everything up
JD weekend review team should see the amazing pre breakout gap fill + bounce from weekly ATR support with controlled bullish accumulation, we will get confirmation of bullish reversal next week; if it happens it will signify a serious mark up phase, going to 40s soon.
JD just taken out 2 hour short sellers (which are really traders that operate on a weekly or bi weekly basis), taking some profit here is good idea, altho the price action is undeniably bullish, next level is 4 hour shorts at 31.5
JD worked through the 30.45-30.65 volume void as expected, market wants to confirm trading interest in those obvious gaps, so there is price certainty, premarket right now has signs of bullish continuation, this could be a major low as Alibaba news seems like attempt to refresh narrative (ie. facilitate demand of chinese companies), could be entering a mark up phase september, very likely we just had the classic wyckoff spring.
JD ong just violated the short sellers up to hourly time frame, may work through the volume void between 30.45 and 30.65, then head toward 31.5 to challenge the 4 hour shorts, next 2 weeks channel break upside
JD hold on to your shares, today is super juicy long term entry ATR level on WEEKLY time frame, this is the fear climax for everyone who bought since pop last september, which means truly shaking of the weak hands; historically 90% of this technical entry level yields profitable trades.
JD this stock is stale. I've been in a $34 Long for a month now, and the only time that it has been in the green was right after earnings during premarket hours, then back down it went. My Long expires 9/5. 😏 Good luck to anyone who's playing with this mess.
