JD trade ideas
$JD breaking out of YTD wedge formation? After breaking some longterm tread lines yesterday, JD.com showing some redemption today. Going be the final bottoming of year-to-date wedge formation and could now push higher. July and September $40 calls popular last week. Volume drying up, and RSI shows possible inverse H&S pattern ready to move up.
Bilateral pattern on JD: Ready to gain $10 or lose $10?JD is facing a critical point over here. After a disappointing result in Q1 (due to heavy investment on AI, logistics, etc.) JD was heavily punished by the market. There is a signal of recovery over here with a bullish divergence. The descending triangle has two opportunities. Further down movement or breaking through and moving up again.
Target upwards: 45
Target downwards: 25
Following this one.
-- Just personal doodles, no financial advice --