jd has limited short term potential to go up
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1. Daily chart shows potential to run out of energy and will have a retracement any time soon.
2. The risk to go short is that price consistantly holds at 50ema. It will have a retracement from 87.90 to 83 (50 ema).
3. Once 50ema is broken, it will go to 70 which may hold around 200ema.
4. 15 mins chart looks different. It has potential to go new high which is 92.88 if the down pressure line is broken.
It gives a quick long if it retests down pressure line and entry around 90. Target should be 105 if enter this high.
5. Will trump's ban on couple chinese companies have impact JD next week? We have to watch.
Overall JD only offers very limited potential and higher risk of going downside. 70 will be a long term buy price given
china index goes very bullish recently.
2. The risk to go short is that price consistantly holds at 50ema. It will have a retracement from 87.90 to 83 (50 ema).
3. Once 50ema is broken, it will go to 70 which may hold around 200ema.
4. 15 mins chart looks different. It has potential to go new high which is 92.88 if the down pressure line is broken.
It gives a quick long if it retests down pressure line and entry around 90. Target should be 105 if enter this high.
5. Will trump's ban on couple chinese companies have impact JD next week? We have to watch.
Overall JD only offers very limited potential and higher risk of going downside. 70 will be a long term buy price given
china index goes very bullish recently.
Note
15 mins chart comes back to 200ema and holds there. Will it break or go up tmr?We will have to see.
The situation in JD is unclear to me. I have no idea which direction even in short term. Will watch it closely.
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