JD.com, Inc.
Short
Updated

JB: Head and Shoulders formation in progress -10%

313
JD is forming the right shoulder of a long term head and shoulders formation; Aug'17 left shoulder and Jan'18 head. Downside target to neckline is $34, -10%. ABCD completion from the Jan'18 peak will imply a downside target of $29, -24%.
Trade closed manually
Time to take some money off the table and let a small position run.
Trade closed: target reached

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