Anyone thinking of buying JD.COM?
Hi guys![Cool] Anyone thinking of goin long for $JD-SW(09618)$ ?
On the H4, with price moving within the ascending trend channel andMACDshowing abullishmomentum. we have abullishbias that price will rise from the entry at 248.2 to the take profit at 265.8 at the swing high in line with the 78.6% fibonacci retracement. Alternatively, price may drop from the entry to the stop loss at 234.0 at the multiple swing low in line with the 50%fibonacci retracement.
Entry: 248.2[Smile]
Take Profit: 265.8[Miser]
Stop Loss: 234.0[Anger]
Let me know what you guys think![Shy]
If you wish to leverage on this, consider using DLCs:
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