Thoughts on JD.com?

The Investor
2022-09-08

Hey guys! I have brought a setup here for you guys $JD-SW(09618)$ 

On the H4, with prices moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from buy entry at 229.6 where the pullback support, 61.8% fibonacci retracement and 61.8% fibonacci projection are to the take profit at 253.4 where the swing high resistance and 61.8% fibonacci retracement are. Alternatively, price could break entry structure and drop to stop loss at 212.4 where the swing low support is.

Entry:229.6[Smile] 

Take Profit:253.4[Miser] 

Stop Loss: 212.4[Cry] 

$JD 5xLongSG230329(DTZW.SI)$ 

$JD 5xShortSG230620(DGNW.SI)$ 

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Comments

  • Dollydolly
    2022-09-08
    Dollydolly
    It will touch the $212!
  • dnp
    2022-09-08
    dnp
    noted with thanks
  • mster
    2022-09-08
    mster
    Looks like a decent set up.
  • ET77
    2022-09-08
    ET77
    JD to the moon pls!
  • Graceamour
    2022-09-08
    Graceamour
    Hmmok
  • ChooChoo0501
    2022-09-08
    ChooChoo0501
    👍
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