JD.com, Inc.Long
JD Long. Next target 27$ and above
Updated
Trade deal with china is good. JD earnings coming up in a couple of days too!!
Reasons i am going long:-
1) Nice uptrend channel on the daily and 4 hrs and weekly. Really Bullish. As long as it is in that channel, I wont have any problems
2) Its at 25.95 which means it broke the current important resistance. I consider it important as the last time it broke the resistance, it happened during tha 50 and 200 ema crossover. It may happen again at the same level !! After tht JD went to an all time high of 52$. 5)
3) Ichimoku is clear
4) Trade deal is good with china. That doesnt mean anything but i believe trump is an amazing businessman and he wont let any opportunity slip out !!!
5) Volume has been almost at all time high
Reasons i am going long:-
1) Nice uptrend channel on the daily and 4 hrs and weekly. Really Bullish. As long as it is in that channel, I wont have any problems
2) Its at 25.95 which means it broke the current important resistance. I consider it important as the last time it broke the resistance, it happened during tha 50 and 200 ema crossover. It may happen again at the same level !! After tht JD went to an all time high of 52$. 5)
3) Ichimoku is clear
4) Trade deal is good with china. That doesnt mean anything but i believe trump is an amazing businessman and he wont let any opportunity slip out !!!
5) Volume has been almost at all time high
Trade active
It did hit the 27$ mark as the channel suggests. I would see a drop till 25-25.5 considering the earnings are coming and people may short before the earnings. I believe that will the be the best opportunity to buy more and then enjoy the ride up. 50 EMA and 200 EMA crossover happening soon in 4hr chart which should be followed on 1day also.
I would not be worried till it maintains the upward channel till 30$.
PS. Not an investment advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.