I am bullish on JD in the short term based on the following:
20th Oct - 8th Nov - JD had 3 waves down; and on the 8th Nov, it found support and closed above a key level. After 3 waves down, based on what I have seen, there is usually a change in direction.
9th Nov - A bullish inverted hammer candle was formed and it closed above $77.05.
10th Nov - I entered a long position based on the aforementioned items, in addition to the formation of the StochRSI and the break of the static horizontal level on RSI.
My strategy dictates, after back testing, that i take profits, four levels up from my initial entry, which will be @ $88.86.
Thank you for your time.
20th Oct - 8th Nov - JD had 3 waves down; and on the 8th Nov, it found support and closed above a key level. After 3 waves down, based on what I have seen, there is usually a change in direction.
9th Nov - A bullish inverted hammer candle was formed and it closed above $77.05.
10th Nov - I entered a long position based on the aforementioned items, in addition to the formation of the StochRSI and the break of the static horizontal level on RSI.
My strategy dictates, after back testing, that i take profits, four levels up from my initial entry, which will be @ $88.86.
Thank you for your time.
Nota
Closed the trade today
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.