JD trade ideas
Will it breakout?!?barring continued fear of future IPO issues with the Chinese Govt. we should see a breakout to the upside at $84.40
JD Cup and Handle Ticker $JD is forming a bullish cup and handle pattern on the 15 minute chart. It is predicted to break out of the pennant (handle) on November 4th, now this isn’t guaranteed to breakout at that point, however, watch out for it coming anytime soon. If it does breakout during these volatile market times, you much make sure that the top of the handle acts as a support line for the candles so that you don’t lose money. Risky play but could end up very bullish.
JD Setting UpJD is putting in a little cup with handle continuation pattern. Wait for a breakout with strong volume to go long.
Cup + Wedge handle, 3wk consolidationNot pretty but the combination of a rounding bottom and wedge "handle" has been a reliable pattern in the past. Looks primed for a big move over the fib resistance at 83.41 due to consolidation with declining volume. Pre-earnings run up is a potential catalyst.
JD looks ready for another leg upJD has formed a rising parallel channel and a cup and handle chart pattern. A breakout to new ATHs seems very likely here.
Breakout can happen very soonNASDAQ:JD JD looks like it can break out of this pattern very soon, curling nicely.
3 entry opportunities for $JD during reaccumulation phasePotential entries based on:
-support/resistance lines
-symmetrical triangle breakout
Numbered in likely order of occurrence
JD Pushing For MoreJD has Been in a bullish upward channel since May of this year, in the next few days we should see it retest recent highs. RSI remains above the 50% level, Cup & Handle formation has JD pushing upward into the channel heart-line and eventually the 1.618 Fibonacci level.
Cup and HandleJD broke up from a bull flag recently
Targets for BF were 85.7 and 89 and long entry level for bull flag was 77.9
Now forming a C&H pattern
Long entry level for C&H has not been met as of yet
NV is very high
Handle low is very close to mid cup
Possible stop under 79.15
Not a recommendation
JD LONG 1) Cup and Handle formation
2) Indicators signaling a rebound ( MACD showing a bullish crossover, selling seem to slow down based in histogram)
3) Breakout 80.42 (MA20) should see it heading 85
Cup and Handle on $JDLooks like $JD is about to explode, seeing big call sweeps come in for $80c 12/18/2020 with a darkpool of 110.932 shares ($8.9 million) that came in at 4:46pm after hours creating a support level here.
After break up from reaccumulation, $JD tests 79.32 supportWyckoff reaccumulation phase breakout ---> test last support ---> head higher.
$JD.COM Potential trade Setup
potential lOng entry On break above the previous high @ $86.58, while expecting a
back-test before any major advance.
Volume very impressive today.
RSi has room to run
May need to consolidate for MA's to catch up.
Point and Figure price targets for $JD Based on horizontal and vertical count methods. Represents next continuous rise until a consolidation period.
