Breakout can happen very soonNASDAQ:JD JD looks like it can break out of this pattern very soon, curling nicely.
JD trade ideas
3 entry opportunities for $JD during reaccumulation phasePotential entries based on:
-support/resistance lines
-symmetrical triangle breakout
Numbered in likely order of occurrence
JD Pushing For MoreJD has Been in a bullish upward channel since May of this year, in the next few days we should see it retest recent highs. RSI remains above the 50% level, Cup & Handle formation has JD pushing upward into the channel heart-line and eventually the 1.618 Fibonacci level.
Cup and HandleJD broke up from a bull flag recently
Targets for BF were 85.7 and 89 and long entry level for bull flag was 77.9
Now forming a C&H pattern
Long entry level for C&H has not been met as of yet
NV is very high
Handle low is very close to mid cup
Possible stop under 79.15
Not a recommendation
JD LONG 1) Cup and Handle formation
2) Indicators signaling a rebound ( MACD showing a bullish crossover, selling seem to slow down based in histogram)
3) Breakout 80.42 (MA20) should see it heading 85
Cup and Handle on $JDLooks like $JD is about to explode, seeing big call sweeps come in for $80c 12/18/2020 with a darkpool of 110.932 shares ($8.9 million) that came in at 4:46pm after hours creating a support level here.
After break up from reaccumulation, $JD tests 79.32 supportWyckoff reaccumulation phase breakout ---> test last support ---> head higher.
$JD.COM Potential trade Setup
potential lOng entry On break above the previous high @ $86.58, while expecting a
back-test before any major advance.
Volume very impressive today.
RSi has room to run
May need to consolidate for MA's to catch up.
Point and Figure price targets for $JD Based on horizontal and vertical count methods. Represents next continuous rise until a consolidation period.
JD Review1. Extremely undervalued compared to other E-Commerce companies like PDD
2. Downtrend line and key resistance level breakout
3. U-shape reversing
4. JD Finance/Health/Express going IPO
JD Support and Resistance- Potential Squeeze Oct 14Since curving down and bottoming at 71.76 NASDAQ:JD has moved back up along a similar curve. As long as this curve holds JD could push back above 79.27 resistance and with the right conditions it could jump from 80.70 to 85+. Something to consider on JD is the MACD reaching a buy signal and the last 5 days have been higher opens with a close lower than the open. If JD can't hold the curve and 77.30 support, price could test 75.53 support and continue to consolidate in that range for the near future.
Bull FlagPossible T2 99.5 to 107
NV is high
Perhaps making another run for it
Not to long entry level today
Be safe
Not a recommendation
$JD Bullish Day Trade Targets
Potential day trade as JD may very well move in
sympathy with the ultra bullish BABA.
Targets $81.50 - $85.00
