Thoughts on JD.com?
Hello investors! I brought another setup to you guys today $JD-SW(09618)$
On the H4, with prices moving above ichimoku indicator, I have a bullish bias that prices will rise from buy entry at 234.0 where the 100% fibonacci projection, swing low support and 38.2% fibonacci retracement are to the take profit at 262.2 in line with swing high resistance, 78.6% fibonacci retracement and 61.8% fibonacci projection. Alternatively, prices could break entry structure and drop to stop loss at 217.6 where the overlap support and 61.8% fibonacci retracement are.
Entry: 234.0 [Smile]
Take profit: 262.2 [Miser]
Stop loss: 217.6 [Cry]
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