JD "A move followed by a sideways range often precedes another move of almost equal extent in the same direction as he original move." - Richard Donchian
Consolidation before the rip.
9618 trade ideas
Too early to jump in on JDNASDAQ:JD is the stock I hate to love. The company's stellar revenue growth doesn't seem to be translating into the price. JD will remain trapped in a downward trend until 50 MA moves above 100 MA and the price breaks (and holds) above the trend line . MACD is looking positive, and the trading volume is picking up indicating an exhaustion, but it's still too early to jump in.
JD.com Singles day Cup and Handle JD.com Cup and Handle setup for singles day (11/11), and Earnings announcement (11/13).
Earnings announcement* for JD: Nov 13, 2017. JD.com, Inc. is expected* to report earnings on 11/13/2017 before market open. The report will be for the fiscal Quarter ending Sep 2017.
Chinese Singles' Day or Bachelors' Day, which originated from Nanjing University in 1993, was initially celebrated at various universities in Nanjing during the 1990s. It got the name "Singles' Day" because the date consists of four "one"s. Upon graduating, these college students carried the university tradition into society. Singles' Day has been popularized since the start of the internet era and is now observed in several regions outside China as well.
Singles' Day serves as an occasion for single people to party together. The holiday was initially only celebrated by young men, hence the name, "Bachelors' Day", but it is now widely celebrated by both sexes. "Blind date" parties are also popular during this day in an attempt to alter their single status. Some schools of a university put forward a special program to gather singles together for celebration. Singles may take on a bemoaning or self-deprecating attitude for remaining single as a university student, but this has helped curb that negativity.
By 2016, sales on Chinese commerce websites reached $25 billion on Singles day.
JD LongReason:
The stock is in a bullish trend.
There's a bullish butterfly pattern.
The price is sitting on a major support zone.
JD - Potential H&S formation short from $37.47 to £33.38JD is forming a potential H&S formation. It has strong twiggs money flow divergence. We think it has good downside potential. To trade this we would also consider January $37.00 Puts currently $1.53
* Trade Criteria *
Date First Found- October 23, 2017
Pattern/Why- Potential H&S formation
Entry Target Criteria- Break of $37.47
Exit Target Criteria- $33.38
Stop Loss Criteria- N/A
Special Note- Would consider January $37.00 Puts currently $1.53
Please check back for Trade updates. (Note: Trade update is little delayed here.)
JD updated long entry ~39.7
stop loss ~38.9
target ~42
potential gain of 5.8% or higher if you re-evaluate the chart later and adjust the stop loss accordingly
potential loss of ~2%
approx 3:1 risk reward ratio
take this with a grain of salt
JD COM INC : Bullish Gartley Pattern, Buy the DipOn daily chart JD has completed a bullish gartley pattern at 37.45, and price has stand firm on 39 level with pin bar, together with gold cross over of MACDhints a further advance.
Buy the dip, and target can be set to 41.46, 43 and 44.34.
JD potential buy opportunitybuy point ~ 39
stop loss ~ 37
target ~ 45
risk ~ 5-6%
potential gain ~ 15-18%
1:3 risk to reward ratio
take this with a grain of salt. feel free to raise the stop loss instead of selling given that you believe JD will benefit from the growth of ecommerce in China. check them out.
Possible JD Trade / Gap UpMonthly and Weekly calls good to consider.
Feel free to comment if you have any input on this chart.
Thnx!
JD, Bullish Cypher patternJD.COM rallied from 20 to 49 within a year, and after it failed to break 49 fig level in 8/8 in addition to the earnings report in 8/8, it plunged about 20%.
JD is one of the most competitive competitor with BABA, as this BABA rocket keeps on surging to the sky, JD should also be attractive to those who are too scared to buy BABA above $165.
Based on this bullish Cypher pattern, it suggests to buy around 40.
While as always, I need at least one more reason to convince me, so I'll focus on if there are
1. Hammer
2. Double bottom
3. inside bar breakout
happened here , I don't mind if it happens on smaller time frame.
If so, it might be a good try to long and the potential out is below 38.50.
JD - Upward channel breakdown short form $41.80/40.67 to $35.07JD was in our watch list from quite a while as a short candidate. Now it has broken down its upward channel formation. It has potential to dropdown all they way down to $35 area. We think it will be a good short if it breaks down or retest channel line.
* Trade Criteria *
Date First Found- August 17, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Drop below $40.67 or rally back to $41.80
Exit Target Criteria- $35.07
Stop Loss Criteria- $42.63
Please check back for Trade updates. (Note: Trade update is little delayed here.)
JDJD is a strong stock and might shoot up after ER, but just take extra caution there's a chance it might retest the support and continue at the bottom blue line and also watch out the RSI.
