JD.com is Bullish (Double Bottom)
Weekly Hammer close. $ 33 potential double bottom in play.
Highly volatile and subject to gap ups and downs being a chinese name.
Will be looking for entry early this week.
Highly volatile and subject to gap ups and downs being a chinese name.
Will be looking for entry early this week.
Note
Hang Sang Index (HSI) with a weekly hammer close over the 50 moving weekly average. HSI gives us an early look in to JD's potential price action on the NYSE the following day.
Note it is in a large timeframe inverse head and shoulders.
I am hedged potential Chinese/Taiwan conflict issues with Lockheed Martin shares (LMT) as that is always in the background.
Trade active
Long 1/4 position @ 34.25Trade active
Add 1/4 position @ 34.501/2 max
Trade active
I'll be adding here on any pullback to max out the position. Nice day.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.