JD, Inverse Head and Shoulder's Pattern
Updated
JD, Fair value on this company is arguably much higher in the $80-90 range.
RSI showing strength as price bases out.
Inverse head and shoulders pattern.
MACD sloping up.
A confirmed break with high volume of $40 should signal a continuation move higher.
RSI showing strength as price bases out.
Inverse head and shoulders pattern.
MACD sloping up.
A confirmed break with high volume of $40 should signal a continuation move higher.
Trade closed: stop reached
Buying some options as a flyer, rumors are that china could bail out the real estate market which would send this much higher, but cash positions have been stopped out.
Opinions on Chart's, not financial advice.
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