JD
JD Cup and Handle Ticker $JD is forming a bullish cup and handle pattern on the 15 minute chart. It is predicted to break out of the pennant (handle) on November 4th, now this isn’t guaranteed to breakout at that point, however, watch out for it coming anytime soon. If it does breakout during these volatile market times, you much make sure that the top of the handle acts as a support line for the candles so that you don’t lose money. Risky play but could end up very bullish.
JD Support and Resistance- Potential Squeeze Oct 14Since curving down and bottoming at 71.76 NASDAQ:JD has moved back up along a similar curve. As long as this curve holds JD could push back above 79.27 resistance and with the right conditions it could jump from 80.70 to 85+. Something to consider on JD is the MACD reaching a buy signal and the last 5 days have been higher opens with a close lower than the open. If JD can't hold the curve and 77.30 support, price could test 75.53 support and continue to consolidate in that range for the near future.
Options Idea: Sell The JD Oct 16 2020 62.5 Put @ $1.03JD has been in an ascending parallel channel since the COVID-19 peak in March and shows no sign of slowing down. I sold an October 16 2020 62.5 Put @ 1.03 near the bottom of the channel today with the idea that the uptrend will continue over the next couple months. This is one of China's biggest e-retailers and its been having a great time with extra sales due to the pandemic. Don't see any reason why that should stop anytime soon.
An alternative idea for a more aggressive trade would be to sell the $70 Put for a much larger credit. The $70 Put will be just below the bottom of the channel on the Oct 16 expiration.
20-JD-01
Opening Date: August 20, 2020
Expiration Date: October 16, 2020
DTE: 57
IV: 44%
IV Percentile: 36%
Odds of Winning: 80%
Win: > 61.47 @ Expiration
Loss: < 61.47 @ Expiration
Reg-T Margin @ Open: $720
Chart Legend
The green area represents 100% win zone.
The yellow area is a win, but we have to give back some of the initial credit taken in.
The red area is loss.
1 SD, 2 SD, 3 SD projections from Opening Date to Expiration Date are included.
JD.com bullish long termAnother stock that's in my portfolio is JD.com (NASDAQ: JD), the national e-commerce giant second only to Alibaba (NYSE: BABA) in gross merchandise volume. It did remarkably well in the first quarter, when China saw its first economic contraction since the government began reporting statistics. It did even better in the second quarter as the wheels of the economy started speeding up again.
The covid period has really helped many e-com boost their revenue and profit. Amazon is one of them as well. That said, I feel JD.com has huge potential and definitely a stock worth holding long term. Even once covid is over, I highly believe that users of e-com will still continue using it and they will continue to be profitable. A good entry point if it ever retrace would be around $64 - $70. Although I feel that there's a chance that it will just continue its rally if Covid cases continues to increase and no vaccine is discovered.
JD - Inverse HnS to Kick-Off a Long Term TrendHere I see an inverse head and shoulders formation that could produce a pretty quick 10% pop. Furthermore, as long as the yellow trendline supports the trend, I will stay in the trade.
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Earning coming out for JD AUG 17Earning coming out for JD AUG 17
Should beat Market expectations (again)
how high it jumps on that good news i have no idea.
I put in a sell at 73 and 81.
who knows?
not me.
But
I think the next quarter will not be so good - they have to slow down growth on this site. But I don't work there so they didn't ask me.
Over all this stock can still grow. I'm long generally with it.
This is not advise just hunch.
JD Analysis Weekly
Bullish Outside Bar
Rejection of Dynamic Support & 0.786 Fib (60.83)
Upside Weekly Reversal
Daily
Bullish over 64.64
Bullish Hidden Divergence (RSI,Hist,Momen,OBV,Stoch)
Simple ABC Correction Continuation
2x Volume Spike on break of Ascending Triangle
HIST Crossover, MACD/RSI curling upward
Bullish Momentum Rising
4hr
Strong Bullish Momentum
Double Bottom + Inverse H&S
Bullish EMA Cross
Bullish Hidden Divergence (CCI,CMF)
2016 Resistance Line still alive and doing its workI am really bullish on this stock long term, good management team, good business model and a very strong development in the AI sector.
But, given the pandemic we are still assisting all over the world right now, the stock has just been riding the wave - similarly to amazon, shopify, ebay and all other ecommerce platforms. But I think it's now time for a little pullback before it keeps its bull trend.
We can see the same very strong resistance line dated from 2016 that has rejected the price for 4 times already since JD's IPO . If you zoom in and have a look at the 1hr or 30min chart, you'll see that the price has struggled to stay above that line the past week.
I got in this trend when the price was still at 35 but, while I am 65% up since a couple of months ago, I am still not closing the trade because I am also a long term investor and know the potential of this business. But, considering this recent surge in price movement, I am going short on my trading account, wait for that pull back and then, go long again.