013C trade ideas
JD: Gigantic cup and handle on this China nameIt should be a good name to trade but with trade issues, most of the chinese names are dormant or sideways for ages (almost). May be this time it is different.
JD.COM COULD REWARD THEY BRAVE COME MONDAYJD.COM remains 30% of its 52 week high and has actually staged a nice rally in 2019, yielding a 60% return from the December lows. As the infamous meeting between Mr Trump &Xi over the weekend looms large Chinese stocks have stalled until some clarity is confirmed on Monday. Speculators will be building positions in these stocks prior to the weekend, in the hope that the rhetoric will be constructive and lay the foundations for another market rally. Currently $32 is a breakout level from near term resistance and a possible good entry point.
JD.com Finds SupportJD started to retest the bottom lows, but it has bounced off of higher support within the bottom. There is mild hidden accumulation at this price level.
#jdintosupportafter a nice double bottom on the daily chart and a move higher, jd pulling back into the .5 fib and the daily 200 as a strong support. nice place to go long with a nice risk to reward. #buythelow
JD broad range. Potential upside.JD.com, the Chinese equivalent of amazon is at the bottom of a broad channel. It will be interesting to see what spy does in coming days as this could be a good R&R opportunity. Potential upside 25%.
Will he stop sometime? #AUDCADIn the direction of 0.9140 to test the important support Which is in the price above.
$JD Stock jumps on earnings beat and Tencent Partnership.******BIG BEAT AND PARTNERSHIP DEAL WITH TENCENT*********************
EARNINGS DETAILS
JD.comreports Q1 beats with 21% Y/Y revenue growth. In-line Q2 guidance has revenue of RMB 145-150B vs. RMB 145.53B.
Q1 net service revenue was up 44% Y/Y to $1.9B. Net product revenue was up 19% in the period to $16.2B. Cost of revenue grew 20% to $15.3B.
Non-GAAP operating margin was up from 0.8% to 1.6%.
Annual active customer accounts increased from 305.3M to 310.5M. Quarterly active accounts were up 15% Y/Y.
JD ended the quarter with $6.1B in cash and equivalents.
Tencent agreement: JD renews its agreement with Tencent for a three-year period starting May 27. Tencent will offer Weixin access points for traffic support and the companies will continue to collab on projects. The cooperation will amount to $800M and Tencent will issue about $250M in Class A shares over the three years.
My Daytrading watchlist for May 6 2019 (JD)Starting today i will publish my trading ideas and stock watchlist, i am a new day trader so please do your own analisys and trade at your own risk.
As i am starting today I will provide Tech analisys for only one Stock but i think it can work.
Today NASDAQ:JD its breaking its trendline/support on the Daily chart, it is a nice setup and we can go short to the next support that is the 200SMA, Spy its selling off, so i will wait the first 5-10 mins out of the open before opening a position.
Good Luck!
My advise its only for educational purposes!
JD - Cup n' handle?Cup and handle pattern possibly forming on JD 1H. Stop just below handle, price target double height of handle pattern. Fundamentally solid company that was hammered down due to trade dispute and allegations against CEO over past year. Growing in dominance in SEA countries (particularly Indonesia, a large and growing market for them).
JD.com Tests Resistance LevelJD is now near completion of its intermediate-term round bottom formation. The resistance above price is weak with adequate upside potential for a swing or day trade. There has been intermittent quiet accumulation during the bottom formation.
Arrows say it all.... hopefully JD oooooooooo JD are we creating a cup n handle? because it really looks like were creating a cup n handle short term Flag forming will drive price to 33 to finish the cup but then quickly turn after earnings on the 8th to start the handle formation bring the price to around 24 and a 22 for an extended correction wave. Obviously like most patterns this could be rejected and turn into something else but i like to think this plays out :)
White lines are resistance and support aswell as the fib lines being support for the handle.
overall view of past year
yellow lines are for the previous trend breakdown of the triangle but can be used as trend resistance/retest. It looks to have hit target if we played that previously (which I didn't) just showing it since it played out in purple.
If the cup and handle DOES end up forming correctly we should see a growth to a range of 45 and 46 doll hairs within the coming months shown in the white boxes.
enjoy everyone remember play whats already in front of you so the flag first flag breaks out play the head and shoulder top if it forms etc etc.
careful trading everyone and lets make this bread bread
Leroy out!
oh yeah and if the Cup n Handle fails I expect something of this nature because the volume in the middle of the dish has me a bit worried that this is a false pattern.
Long JD.comJD is strong and has a lower resistance level at 29. This is a good Opportunity buying, as long it is above 29.
Awaiting confirmation for JD.COM, Currently in a nice uptrend chJD.COM has formed a pretty nice cup and handler pattern and successfully breakout.
Based on wyckof, to confirm a breakout, it has to retest back the previous resistance (current support) to assure that the stock will continue to rally
Technical Wise;
-Currently well rallying in an uptrend channel
- Forming a nice spring/hammer at the edge of the uptrend channel
Summary: A confirmation needed tomorrow to assure this counter will starts its next rally up !
JD.COM - adding to my positionLike I said previously, I was looking to add to my position. I did that today.
I will think about selling 1/3-1/2 of my holding between $33-37
$JD breaks out above 31.30Title says it all. Sorry for my scribbled mess, old setups (many using different time frames)
but it's been respecting this channel for some time now, about to make its 5th contact if it cruises to the top and I suspect a continuation to the upside.
JD- Fibo Retracement @38.2 is possible - BEARISH BIAAS1st target: Gap to be filled @ 29.47
2nd target: Fibo Retracement 38.2 @ 26.91
Long $JDtomorrow looks like maybe a slight pullback to support just above $30/30.10
if it holds, some solid upside, otherwise it may continue in that descending channel. Looking for a bounce for an early entry, then sizing in if we can get a convincing breakout.
Let's go JD
ps. peep the golden cross that's imminent on the daily candle. Loooooong
