JD- relative strong I think that it will go higher becose is showing relative strong and good volume on brek-out
013C trade ideas
Monitor JD's Short SignalRecent Prices are hitting Fibonacci's EXT and RET, waiting for the EMA cross signal on 2H chart to enter the trade to short JD.
Target Short Position is at 24.5 (1st level) and 23.7 (2nd level).
Stop Loss point is at 26.5.
$JD young falling wedge$JD looks a little young to me for a breakout just yet. Thinking we see a move to the .618 & 200 MA, only to see a fall back to wedge support/demand.
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: 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.
