Buyers Showing Interest In Chinese Tech - Also See JD.ComBoth our Baidu and Alibaba ideas has starting to gain some traction, while outside of this group, SNAP has also starting to move on the back of it's deal with Universal (now +$6 or 10% higher)
See JD.com - it's breaching it's downward trend and if it gets above 74.45 intraday, it could also get back 'in play' for a move up to ~$77.20, using a stop-loss of 72.30.
JD trade ideas
JD LongCup and Handle forming on the JD Daily. Currently starting to curl the bottom of the cup and is at a critical point of pushing past resistance at 74.00 and moving up into the back of the cup, or being pushed out. 74.00 is also the current 50sma which will provide additional support if it can push and hold above. RSI CCI and MACD all trending up. 78.80 and 83.40 will be the next tests.
This is not financial advice, only a pattern observation.
$JD - Inverse head and shoulder formation JD broke out of descending wedge and starting forming Inverse head and shoulder. The right shoulder is not complete yet.
Neck line - $79
Validation point - $80
Good case - $84
Best case - $90
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Possible Inverse Head and ShouldersThe right shoulder has not finished forming so I called this a "possible" inverse head and shoulders. If the right shoulder goes below the head (66.55), then it is Not an inverse H&S pattern. The pattern would be invalidated.
Also that may be an inverted hammer today, but we have not closed yet so this can change by day's end. (11:30 am when I posted this)
Long entry level is a break of the neckline with an uptrend. A stop can go under the right shoulder on this one but JD does not exactly have one yet )o: It needs to be a clear bottom, and since today is a lower low than yesterday, I do not see it as a true shoulder yet.
Many would like to see the right shoulder higher than the left shoulder as they feel it is more bullish.
No recommendation
$JD Shop made in china online and retail try the climbMarketmiracle advisor today gave an input signal for a LONG position in the title $JD
The company is basically an online and retail big store widely spread and known throughout China.
Through its online store it is also trying to target abroad by providing the portal in various languages.
I checked on some of my reference sites the situation and position of analysts according to which the company currently has a discounted price compared to the fair price.
Considering this I wanted then deepen the graph in search of a possible confirmation for the signal realizing that the title has suffered a powerful retracement from its recent historical highs and that now, in front of excellent macro data has quickly bent towards the ascent.
According to the combination of the two analyses above I expect a confirmation of the signal of Marketmiracle but you know, in the market the devil can always put his finger on it.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
$JD - Descending wedge breakout - target $87Breaking out from descending wedge.
Target - $87
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
$JD with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $JD after a Negative over reaction following its earnings release placing the stock in drift C
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