JD Broke its wedge , gaps down

May 1, 2020

Looks like a good time to get in , I would like to wait for a correction on daily chart and take a position. I'm guessing there will be some support around the 41$ mark . Earnings out on May 8th and I am betting JD will beat and that regardless of if they beat or not there is a high probability the price will run up considerably as we get closer to earnings. This is a good growth company.

May 4, 2020

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Looks like JD did indeed find support around the $41 mark . Personally, I will wait to take a position for a bit to see how Trump and Xi behave in the playground. I can see they are both holding handfuls of rocks :).....

May 7, 2020

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I wound up initiating two entry's one at 43.9, second entry at 41.5 , will hold until after earning and then take profit, hopefully .
I think JD should go back up to around the 48$ resistance mark between now and earnings .

May 12, 2020

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I am hopeful that JD could very well break resistance and push over $50. However , in the case that it does not , I have increased my stop loss to $45.49 to lock in some profits , just in case . That should hopefully still give it enough room to run too if it has some down days...

May 13, 2020

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JD Broke its resistance today , so I have once again increased my stop loss, new stop loss at 47.68 , slightly below the new support established today around $48

May 14, 2020

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So, yesterday my updated stop order was hit and I automatically took profits at $47.68, I considered getting back in today but wound up initiating some other trades instead . I would imagine the earnings reports will be good tomorrow and the stock should have a great little run up. I will try to get back in on the next dip , after earnings.

May 14, 2020

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Will post a new idea when I wind up re-entering a JD trade with updated info and Good luck to all whom are still in on this.