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JD SPORTS FASHION PLC ORD GBP0.0005JD SPORTS FASHION PLC ORD GBP0.0005JD SPORTS FASHION PLC ORD GBP0.0005

JD SPORTS FASHION PLC ORD GBP0.0005

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JD. trade ideas

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*)
LSE:JD.Long
by InvestEmi
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.
Editors' picks
LSE:JD.Long
by zvissss
2
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.
LSE:JD.Long
by Sublime_Trading
3
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
LSE:JD.Long
by Sublime_Trading
2
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
LSE:JD.Long
by 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
LSE:JD.
by Sublime_Trading
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.
LSE:JD.Long
by FollowMyTrades
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.
LSE:JD.Long
by elroytrader1