JD.com, will the past repeat itself. I believe $JD is good for a bounce here with a target up to near the 50 week MA(blue). As you can see in the chart, JD has had a head & shoulders neckline break very similar to one in the past. In both instances the 7, 8, and 9 candles are trending upward. Presently, this week's candle is right on the 200 week MA (yellow). Using TD_sequential, we should see a 1-4 candle correction.
I think we see this correction begin next week. As of today it looks as if a diamond bottom is forming on the daily. Also, today had a bullish cross of the macd on the daily.
I am long 31.98 average.