JD yesterday consolidation lead to a breakdown coinciding with broader market weakness; very close to my stop, holding above 33.2 at close is still bullish.
JD nothing has changed, still expect higher. Fundamentals remain great and technicals are finally favorable. Definitely keep on the look out for news related to a China us trade deal as the tariffs pause expires
JD exited US equities and fully pivoted into JD today, now holding 20k shares around 900k CAD, opened puts 30 strike to hedge; setup and news cycle favours rally into 38, and likely will benefit from neutral to positive progress on china talk (even in failed talk, china could be more aggressive with consumer benefitial policies). good luck!
JD stop placed 32.5, bounce at fib buy zone, lets see if we can get it, 33.2 is bull reversal confirmation, target 35.
