JD.com analysis
Buy levels: Over $92.75 and $90 and $86
Resistance levels: $92.75 and $92.5 and $93.96
Support levels: $92.17 nd $90 and $86
Cut loss: Under $86 Strong support
Earnings date: 11/13
Estimated move: + 5.6578%
Price targets: $93.96 and $95 and $97
Analysis: JD is trading in a weekly uptrend in an ascending triangle(bullish pattern). With singles day coming up in China and expected sales numbers to boom, JD.com can be a perfect run up play going into earnings. (More in depth technicals in video)
Chart link:
Resistance levels: $92.75 and $92.5 and $93.96
Support levels: $92.17 nd $90 and $86
Cut loss: Under $86 Strong support
Earnings date: 11/13
Estimated move: + 5.6578%
Price targets: $93.96 and $95 and $97
Analysis: JD is trading in a weekly uptrend in an ascending triangle(bullish pattern). With singles day coming up in China and expected sales numbers to boom, JD.com can be a perfect run up play going into earnings. (More in depth technicals in video)
Chart link:
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