Short play, only if it exceeds 22.26. Exit 23.50.Follow for moreShort play, only if it exceeds 22.26. Exit 23.50.Follow for more
JD/N trade ideas
JD: potential bullish Butterfly PatternDive to 18.33 to 19.1, then bounce up to 24.6 and 27.99, need sometime, watch it.
Bet on the support reboundThis trade aims at the short-term rebound from the historical low. Since June 07, short-sellers initiated a selling force to test JD's the 52-week low. The price was driven down,but no volume followed. However, when the price was reaching the 52-week low, there are people collecting the dimes, on June 16. Maybe the short-sellers were covering here. I think it is a good bet on a short-term rebound.
Here is my plan:
1. Stop Loss at 19.
2. Profit taking at 23 or Time Exit in 5 days.
JD: Bullish Harami at support levelJD: Bullish Harami at support level.
JD is still consolidating within the triangle. good price to long at spot
JD, handle coming right?JD.com or Jingdong Mall, formerly 360Buy, is a Chinese electronic commerce company headquartered in Beijing. It is one of the largest B2C online retailers in China by transaction volume.
Since the IPO, price has put in a large basing process 10 months ago.
Base on round bottom measure rule, price could get to 50 in 6 months time
which will be the handle i suppose
Here is where I buy China.JD's revenue growth is outstanding. China's economy is slowing but I think Chinese consumer is overall strong.
JD, a short chance is comingCurrently waiting for a perfect chance to short as wave 4 can not touch the territory of wave 1. Which means a tight stop.
Actually there is a little room for the bulls this Friday.
JD Day Trade Retest Gap (Brad Reed Mar3,2015)JD expected to open at 29.47 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
