Short

Overbought on Daily chart

Updated

Last time JD traded above 41 back in June 2018, it went to $45 before coming back to Earth. bis Repetita ?
RSI is running hot on daily chart above 79. On High Alert Watch in next 3 days.

Note

Almost 10% down since we took this view.
Things do not look for upward move any time soon.
Failed to hold 38 in the later part of the session.

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