JD Buy Low / Sell HighJD is at a perfect buying location for a move higher for the longer term
I will be buying 6 month Call options on this stock at this entry level.
JDD trade ideas
Bounce before Earningsin $36 Aug Calls. Looking for bounce before Earnings in Aug and back into the channel.
Bounce before earningsIn 36 Calls, looking for bounce before earnings in Aug. Also look below $35.25 and failed.
JD - Technical ChartIf the price will pass the neckline may there will be a bad time for the chinese "EBAY".
JD - JD.comTrade set up on chart. Executed for $.15 credit.
ROC: 15% (7.5% if managed at 50%), with more upside available in the call spread.
JD - JD.comJD yet again offering up a long R:R setup after pushing up the first time.
I think we can look for a re-entry around 40.70 with a stop around 40.00. If you wanted a bit more bullish conformation, you could take the trade with price moving above the last two days' highs.
I'm looking at the Aug17 $40 calls, with the plan to roll up and out in time if JD starts to move. Earnings are also right before this expiration, something to take note of.
130m chart:
Update: $JD short-term bullishadding that 1/3 position back. Now holding my max position for any single stock.
This guy wont fall much lower with such buying power.
Update (2): JD short-term bullishPersonally I do not like news-driven moves, which usually mess up charts. No matter what, I would settle as long as JD can close above the pivot we have mentioned last time.
Good thing is the RSi/MFI looks quite strong still.
I am now still holding the 2/3 call positions, not gonna add here, as the google news thingy adds bad 'taste' to the chart.
JD.com Trading China's 618 eCommerce shopping day15 June JD.com had risen along side all major technology stocks including the NDXT. The Dow Jones however had dropped and this lead me to believe that people were exiting other categories and entering into technology as a safe haven. This could also be because of the trade wars chatter between US & CN that has lead to people leaving categories that had a reliance on commodities.
I also found out that the 618 Festival that ends on the 18 June. This festival in 2017 lead to JD to achieving a record US17.6Billion in sales. A report of the 2018 sales results i'm sure would be released after the 18 June and this will drive JD's stock price up.
16 June saw the enter Technology index dropping and JD stock saw a huge drop within the first trading hour. I quickly entered as it was a better price that what I was looking at and I believe the drop was a market reaction and given that both the 15 June and 16 June were aligned with the market. I made the assumption that the potential 2018 618 result had no been factored in the existing price.
Let's see how next week goes! super excited
Update: JD short-term bullishTrimming 1/3 of my calls off, as we approaching a small pivot (red)
I will add when this pulls back.
