jd has limited short term potential to go up1. Daily chart shows potential to run out of energy and will have a retracement any time soon.
2. The risk to go short is that price consistantly holds at 50ema. It will have a retracement from 87.90 to 83 (50 ema).
3. Once 50ema is broken, it will go to 70 which may hold around 200ema.
4. 15 mins chart looks different. It has potential to go new high which is 92.88 if the down pressure line is broken.
It gives a quick long if it retests down pressure line and entry around 90. Target should be 105 if enter this high.
5. Will trump's ban on couple chinese companies have impact JD next week? We have to watch.
Overall JD only offers very limited potential and higher risk of going downside. 70 will be a long term buy price given
china index goes very bullish recently.
JD/N trade ideas
JD 15-12-2020 LongAsset and Time frame -JD,1H
Entry Price -80.3884
Exit(Stop Loss) -84.77
Exit(Take Profit) -78.91
Technical Analysis -On the daily chart price is making a correction, and on the hourly chart price stopped at the support line and on the parallel channel trend line, if you want a better entry, wait for a second confirmation(another bullish candle) on the hourly chart
I would like to hear your opinions and what can I do to improve, many thanks
JD.com is on momentary downtrendEven with the awesome spinoff of JD Health and JD logistics unit in talks of IPO, JD.Com remains to be starting on a momentary downtrend to EMA 200 for a break.
78-79 was a good support and that's why the retracement back to EMA 50 as a ceiling before breaking that level and down to EMA 200.
I am out of ammo with my shorts on $SPCE last Friday so I am not entering now and hopefully will be able to enter once it retests static support turned resistance level.
Disclaimer: Do your own diligence. Not an advise to buy or sell. You can lose more than you have and I am just sharing for entertainment.
JD broke out of the cup and handle patternNASDAQ:JD broke out of the cup and handle pattern with a bullish gap up, and is now targeting 88.9$, any pullback towards the neckline at around 85$ is a buying opportunity. Place stops at 77.5$.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
$JD JD.com Weekly Chart looks A Buy.
WEEKLY ANALYSIS .
JD.com has bounced off the 20ma on the weekly and managed
to reclaim the long term channel.
A 20MA bounce is a very strong signal of Bullish strength.
The long term channel has been very well respected, so we can
wish and hope for a move back to mid -channel.
Weekly Horizontal resistance (target) $92.55
Daily Horizontal resistance $85.35.
JD - December 12, 2020JD is the a leading ecommerce and retailer for the people's republic of China. It sold off and came down very nicely into the buy zone here last week due to the implemented regulations for Chinese companies to increase transparency or have the threat of being de-listed. Has been on watch over the past 2 months already with a successful trade closed out. Took a textbook push off the 786 fib retracement and 200 day EMA level. Great swing and RR opportunity here, expecting this to retest and break all time highs in the next month or so.