JD.COM INCJD.COM INCJD.COM INC

JD.COM INC

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JD today was bullish confirmation, literally gapped open right on the 33.2 bullish level i had outlined last week, this usually precede high conviction trend, anyhow, good luck yall!

JD weekly top 34.7, monthly option exp this week, so expect muted range, next week is go ahead for pop into 36-37, move stop to 33, on break out into 33.8 and above move stop to 33.5.
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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.
Snapshot

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.