JD.com - up like an airship, down like a Zeppeliner?
Updated
Short analysis, the moves of JD.com the last week cannot stick. The move was too big too fast. Price has left several gaps that need to be filled. RSI and all indicators are of course off the chart, but cannot be trusted. I expect a drop down to at least $33-$34 before it can find a foundation. Don’t be surprised if we go as low as $30-ish.
Trade closed: stop reached
Still belive price will drop, but the essence of the idea is gone; a rapid correction.
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