JD broke out of the cup and handle patternNASDAQ:JD broke out of the cup and handle pattern with a bullish gap up, and is now targeting 88.9$, any pullback towards the neckline at around 85$ is a buying opportunity. Place stops at 77.5$.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
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013A trade ideas
$JD JD.com Weekly Chart looks A Buy.
WEEKLY ANALYSIS .
JD.com has bounced off the 20ma on the weekly and managed
to reclaim the long term channel.
A 20MA bounce is a very strong signal of Bullish strength.
The long term channel has been very well respected, so we can
wish and hope for a move back to mid -channel.
Weekly Horizontal resistance (target) $92.55
Daily Horizontal resistance $85.35.
JD - December 12, 2020JD is the a leading ecommerce and retailer for the people's republic of China. It sold off and came down very nicely into the buy zone here last week due to the implemented regulations for Chinese companies to increase transparency or have the threat of being de-listed. Has been on watch over the past 2 months already with a successful trade closed out. Took a textbook push off the 786 fib retracement and 200 day EMA level. Great swing and RR opportunity here, expecting this to retest and break all time highs in the next month or so.
JD
Green dotted line at $84.83 is the horizontal support in the new trading zone;
Redline at $82.66 is the Point of Control(POC) for the volume profile, meaning $82.66 level has been traded the most;
And $78.23 is the horizontal support for the previous trading zone between $78 and $84.
JD recently has been trading in a local downtrend tunnel highlighted in the blue region. The new support line in green has been tested severely recently, and it will continue to be tested if JD wants to break out from the local downtrend. I haven’t found JD to comment on the new regulation to require Chinese companies to be audited by PCAOB. Its F1 form here: www.sec.gov on page 36 shows that JD has not been audited by PCAOB.
Although it's possible that we lose the $84.83 support level, there are still other levels to play for support rebounds as shown in the chart: $82.66, potentially $80, and $78.23.
It's opposite day for JD vs BABA comparisonInteresting twist of fate in newsworthy current events: JD gets good news & BABA gets bad news overnight.
Beijing-based JD Health on Wednesday began taking orders for a $3.1 billion to $3.5 billion IPO, according to a term sheet seen by The Wall Street Journal. With Ant’s listing delayed, this would be Hong Kong’s largest IPO this year. JD Health said it runs China’s largest online pharmacy by revenue, organizes medical bookings and offers online consultations with doctors. (The Wall Street journal)
Alibaba online shopping apps, alongside 43 other Chinese apps, have been blocked in India, Bloomberg reported Tuesday. The e-commerce apps affected include Aliexpress — which focuses on foreign shoppers, and Taobao Live — a live-streaming shopping website. (Bloomberg)
I'm personally long both JD & BABA, but it sure seems like there's been plenty of speed bumps along the way. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets
7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
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JDGROWTH: (info from barchart)
1-Year Return 175.94%
3-Year Return 128.77%
5-Year Return 207.04%
5-Year Revenue Growth 347.07%
5-Year Earnings Growth 143.31%
5-Year Dividend Growth 0.00%
Next Earnings Date 11/16/20
JD.com is an online direct sales company in China. The Companyoffers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China.
92.75 buy stop limit order.
85.33 stop (8%)