JD watch for initial sellers at 32.9, not make new low bodes well for buys placed at 32.5, i will pick up ATM calls on second attempt into september expiry; expecting china stocks to outperform as US equities reaching medium term peak.
JD essentially we hit the stop loss cluster (2.5 SD at around 32.7) after the pop from last couple weeks, price had a capitulation squeeze (ie. shaking the tree), bouncing here would see attempt at channel shift upward as the sellers pressure of the pop is greatly release.
JD still looking good for upward move, at accumulation confluence zone, pushing above here validate the bull reversal onto earnings, targets 37, 40, 45 next few months, il be picking up some leaps. Breakdown here will not be good, but price action seems alright.
JD watch for initial sellers at 32.9, not make new low bodes well for buys placed at 32.5, i will pick up ATM calls on second attempt into september expiry; expecting china stocks to outperform as US equities reaching medium term peak.
