AcornWealthCorp

JD - Upward channel breakdown short form $41.80/40.67 to $35.07

Short
NASDAQ:JD   JD.com, Inc.
JD was in our watch list from quite a while as a short candidate. Now it has broken down its upward channel formation. It has potential to dropdown all they way down to $35 area. We think it will be a good short if it breaks down or retest channel line.

* Trade Criteria *
Date First Found- August 17, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Drop below $40.67 or rally back to $41.80
Exit Target Criteria- $35.07
Stop Loss Criteria- $42.63

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