JD. - JD SPORT Plc D1 ChartNIce wedge breakout at approx 5 yr lows forming new technical uptrend. Waiting for retest/correction to complete for continuation up.
9JD trade ideas
JD LSE Bullish Divergence on dailyStrong decline, now while ending the decline it's pulling a bullish divergence on the daily, weekly turning up as well
TP 102,5
E 95,44
SL 91,95
Trade #00007
3 trades still open
trade 1 to 3 are closed: hitrate 100%
JD SPORTS FASHION (BUY)Breakout of the trendline-resistance after several rejections. In addition we have an RSI divergence signifying the return of the market. If we cross the 50 mark on the RSI and we possibly have a pull-back, we are definitely buying.
JDSPS| Fourth time lucky?JD Sports PLC is attempting to breakout of a strong multi-month consolidation zone for the fourth time.
Why this time is different:
1. RSI has slowly normalized, with our pop above resistance today sporting a ~50 RSI;
2. Higher volume than previous 'attempts';
3. Brexit talks getting more positive by the day. Any trade deal will likely give this steam to pop to ATHs.
Not sure if we will get ATHs by EOY but very likely this is going to be a strong UK e-commerce play through 2021. Hoping to test 830GBX as new support in the coming days.
Any thoughts?
Thanks again
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
JD Sports MASSIVE consolidation but strong resistanceJust today, JD Sports Fashion announced it had agreed to buy California-based Shoe Palace for $325 million. JD has also just opened a new flagships store in Times Square, New York. JD shares were up 3.8% early Tuesday, making the stock the top performer in the FTSE 100 this morning.
In other news today, JD, who was the last remaining bidder for Debenhams the 242-year-old retailer, has pulled out of a potential deal after it went into administration in April this year.
JD stock has risen by almost 200% since its 19th of March low of 312p, it is now trading at 809p. There is a strong resistance zone at 825p. This zone, over the past 3 months have been tested over 18 times and the stock has failed to close above 813p. The stock spiked to 850p this morning on the positive news, but the bears have pushed the price back below the 825p threshold for now. Pre-covid, the stock closed at an all time high of 878p.
JD has been in a bullish channel since April. Its growth has been helped by a monster Q2 2020 earnings beat.
Right now, JD is at a critical level. Its price been consolidating for the best part of 3 months. Whenever the price dips, bulls buy. Whenever the price reaches the 825p zone, the bears bite back. The price is also facing some pressure from a declining trend line connecting the high of 17th Jan, to the close of 23rd November.
Should JD break this key 825p zone, maybe on strong earnings or bullish volume, the stock could see more upside.
JD Sports Very Much Bullish!JD Sports has a good history of trending well as we saw from the trend between
December 2018 to May 2019.
Price became exhausted and went into consolidation from May 2019 to September 2019
and the breakout in September was the first indication of further trends to come, which
is what we are currently experiencing.
This has not been the neatest of trends but price has consistently been heading to the upside
forming higher highs and higher lows.
Price may become exhausted again and form a period of consolidation and in that case,
we would just need to wait for a breakout to confirm a continuation of the bull trend.
A break above £8.90 should see further moves to the upside and give us the opportunity
to add to our already profitable positions.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
JD Sports Rejection At High Optimism Inviting BearsJD Sports stock price is preparing for a pullback on the weekly. With the price got rejected at extreme optimism, more bears are being invited to drag the price downward
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
JD Sports Now Out Of ConsolidationLast post: See link below.
Review: Price was in a period of consolidation.
Update: Price is currently trading out of consolidation.
Conclusion: As long as price can remain out of the consolidation zone, we should see a continuation of the previous uptrend.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
JD Sports Going SidewaysLast post: July 31st 2019. See chart .
Review: Price was trying to break through resistance.
Update: Price failed to break resistance and is now stuck in a period of consolidation.
Conclusion: We need to wait and see if price breaks through the consolidation support or resistance level.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
JD Sports updateRBC Capital Markets show high praise for this stock as one of the few successful overseas. Healthy growth and revenue projections value this stock at target 725. Currently tested and rejected at support level, good place for a buy or short if the level breaks. Good Luck!
JD Sports Ready To Break ResistanceLast post: September 12th 2019. See chart .
Review: Price had been creating new all-time highs before forming a deep pullback.
Update: Price is looking bullish again but there is a resistance level standing in its path.
Conclusion: If price can successfully break and close above resistance then we should be presented with long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
JD Sports forming a double top?JD Sports possibly forming a double top, with MACD divergence, with also some exhaustion bars. Ideally a strong momentum will break the price below £600 and form a pullback.
JD Ascending trendline. Good buy opportunity.JD is currently trading at the support of an ascending trend line. If you're looking for an entry now would be the time if you expect positive growth in the future. A break of the bottom trendline could suggest the start of a bear cycle.
JD Sports Up Another 12 pointsLast post: September 3rd. See chart .
Review: Price was making new all-time highs after breaking out of resistance.
Update: Price is continuing to make new highs and still looks strong for long opportunities.
Conclusion: We will be looking for long opportunities when we see another breakout.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
JD Hitting The All-Time HighLast post: June 30th. See chart .
Review: Price was heading up towards the previous all-time high.
Update: Price has now started to challenge the all-time high resistance level.
Conclusion: We need price to clearly break through the resistance level and stay above it, then we can start to look for long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
JD Sports Up Another 12 pointsLast post: June 21st. See chart .
Review: Price was approaching the resistance level.
Update: Price is still on its way to target the resistance level.
Conclusion: We continue to wait and see if price can break through resistance and leave the consolidation zone.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
JD Sports Up 24 PointsLast post: June 8th. See chart .
Review: Price had broken a resistance level but was still below the all-time high.
Update: Price has gained strength since the last post and is making its way to the next resistance level.
Conclusion: We need a break of the all-time high to confirm a continuation of the bull trend then we can look for long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
JD Sports Overcoming HurdlesThis stock is featuring for the first time on our TradingView blogs.
Current setup: Price is still in consolidation but has broken a strong resistance level and is now approaching the next area of resistance.
Conclusion: At the moment we have to stand aside. A break of the next resistance level will confirm a continuation of the previous bull trend and at that point we can look for long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
#JD..L three years behind #SPD.L?Similar industries and a mild Rodrigue pattern is emerging as it did with SPD. Different timescales of course
JD Sports (JDL UK) - BuyI've placed a buy order on JD Sports at 402 with a TP at 500 and SL at 360 just below the 200MA.
I believe the company has great growth potential with outstanding financials. Q1 results are out tomorrow hence the reason for the order above the current price, we could see a gap up but I will monitor it in the morning to see if we miss my entry, if so it will be manual dependent on opening volume. If results disappoint price will move down so with the buy order above we should not have any issues.
Technically price is oversold with RSI and stoch both indicating oversold levels. Price closed on an outside day with higher than average volume.
LON:JD. (JD Sports) bull targetWhen will this excellent stock ever stop. The Brexit pullback created a bull flag which is now completed, and so a projection can be extended to around 380p. When the pre-Brexit top is taken as a 100% fib, the 161.8% extension reaches the same figure, giving two technical indicators to the same target.
Note that the recent ramp has also formed a small bull flag, but this may be nearly completed.
In short buy this stock up to 380p.
I hate the stupid full stop in the EPIC code for this symbol.
