JD.com, will the past repeat itself.

2018年8月30日

I believe JD is good for a bounce here with a target up to near the 50 week MA(blue). As you can see in the chart, JD has had a head & shoulders neckline break very similar to one in the past. In both instances the 7, 8, and 9 candles are trending upward. Presently, this week's candle is right on the 200 week MA (yellow). Using TD_sequential, we should see a 1-4 candle correction.

I think we see this correction begin next week. As of today it looks as if a diamond bottom is forming on the daily. Also, today had a bullish cross of the macd on the daily.

I am long 31.98 average.

2018年8月30日

注释

added percentage drops from the neckline break to the lows. nearly identical.

2018年8月31日

注释

The week closed right on that weekly trendline at 31.30 thanks to some $200billion in proposed tariffs. A new yearly low was hit at 30.52. I Added about 7% to my position below 31 to bring me average to about 31.84. Nothing has changed with my price target of near the 50 week MA (blue).

2018年9月14日

注释

I have averaged down to $30.80. Weekly rsi shows oversold and lowest point it has ever been. We have made basically the same percentage retracement as the last H&S. I will continue to be patient. The arrest for suspicion of rape messed with this plan.

I dont see this dropping below $25. Best of luck to all.