Similar to other Chinese stocks, JD has been beaten down over the last year. However, it appears she wants to push higher out of this downtrend to a potential target of $30 per share, or the 200 day sma. I like $29 per share first since that's 1/3 back on the big weekly sell off.
The weekly chart:
Earnings are on March 3, 2019 according to Trading View so buying might occur leading up into the report.
My plan is to enter $25 March calls for $1.40 stop limit with a stop of $0.40. Risking $200 so 2 contracts. I like where the stop is placed just below all the bullish candles that had similar lows. If JD does break out, I will look to take half off at $29 per share and trail the remaining contract.
Cheers!
The weekly chart:
Earnings are on March 3, 2019 according to Trading View so buying might occur leading up into the report.
My plan is to enter $25 March calls for $1.40 stop limit with a stop of $0.40. Risking $200 so 2 contracts. I like where the stop is placed just below all the bullish candles that had similar lows. If JD does break out, I will look to take half off at $29 per share and trail the remaining contract.
Cheers!
Dagangan aktif
Filled.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.