JD trade ideas
9/22/2020 JDJD looks to have finished wave 3 and is entering Wave 4. I'm expecting a zig-zag or flat Wave 4 given the triangle Wave 2. Looking to build a position at 38.2%, and fully in at 50% and 61.8%.
JDIndicators:
wait 1 more dip before buying in is more safe:
4H
- MACD: Pushing up
- StochRSI: looking good
- RSI: slightly bullish divergence
Options Idea: Sell The JD Oct 16 2020 62.5 Put @ $1.03JD has been in an ascending parallel channel since the COVID-19 peak in March and shows no sign of slowing down. I sold an October 16 2020 62.5 Put @ 1.03 near the bottom of the channel today with the idea that the uptrend will continue over the next couple months. This is one of China's biggest e-retailers and its been having a great time with extra sales due to the pandemic. Don't see any reason why that should stop anytime soon.
An alternative idea for a more aggressive trade would be to sell the $70 Put for a much larger credit. The $70 Put will be just below the bottom of the channel on the Oct 16 expiration.
20-JD-01
Opening Date: August 20, 2020
Expiration Date: October 16, 2020
DTE: 57
IV: 44%
IV Percentile: 36%
Odds of Winning: 80%
Win: > 61.47 @ Expiration
Loss: < 61.47 @ Expiration
Reg-T Margin @ Open: $720
Chart Legend
The green area represents 100% win zone.
The yellow area is a win, but we have to give back some of the initial credit taken in.
The red area is loss.
1 SD, 2 SD, 3 SD projections from Opening Date to Expiration Date are included.
JD.com bullish long termAnother stock that's in my portfolio is JD.com (NASDAQ: JD), the national e-commerce giant second only to Alibaba (NYSE: BABA) in gross merchandise volume. It did remarkably well in the first quarter, when China saw its first economic contraction since the government began reporting statistics. It did even better in the second quarter as the wheels of the economy started speeding up again.
The covid period has really helped many e-com boost their revenue and profit. Amazon is one of them as well. That said, I feel JD.com has huge potential and definitely a stock worth holding long term. Even once covid is over, I highly believe that users of e-com will still continue using it and they will continue to be profitable. A good entry point if it ever retrace would be around $64 - $70. Although I feel that there's a chance that it will just continue its rally if Covid cases continues to increase and no vaccine is discovered.
JD - Inverse HnS to Kick-Off a Long Term TrendHere I see an inverse head and shoulders formation that could produce a pretty quick 10% pop. Furthermore, as long as the yellow trendline supports the trend, I will stay in the trade.
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$JD.COM Overbought, Maybe time to Take Profits
JD has had a fantastic run post earnings but it may be time to
ring the register.
The stock is now overbought with the RSI @ 82.
The Fibonacci 1-2-1 expansion target has been hit and held.
May need some consolidation before making a run to $90 & $100
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JD is the amazon of china - china will do well JD will toJD is the amazon of china - china will do well JD will to
JD - The Gift That Keeps GivingWhat a wild ride. So far earnings momentum is still very much in the bulls favor. It seems like WH rhetoric is not going to delist Chinese companies anytime soon.
$JD JD.COM has $80 in its sight
Indicators in bullish reversal
Earnings posted a superb beat
Analysts raising targets
NEWS BREAKOUT CUP WITH HANDLE AND HIGH VOLUM BUY JD 66.98$JD's revenues rose 33.8% to $28.5 billion, compared to expectations of $27.5 billion, as services revenue grew 36.4% and revenue from general merchandise jumped 45.4%.
JD is also building out businesses like its marketplace, adding new third-party retailers to JD Mall, and it grew revenue from its third-party logistics business by 54.4% to $2.2 billion. JD Health also raised an $830 million investment from Hillhouse Capital; its health division has grown rapidly during the COVID-19 pandemic.
1% CAPITAL
$JD.COM closes in on All Time High
Nice breakout today from pennant on high volume post earnings.
Despite the Anti-China narrative from Mr Trump the Chinese tech stocks continue to stay strong.
Tuesday may bring some continuation if BABA can also rally post earnings
JD.com Trading IdeasMarket Structure : Uptrend (based on the Weekly and Daily Candlestick Pattern)
Area of value : Resistance area (at the upper Triangle resistance line) or at Fibonnaci level 0.382 support level (where the candle lingers at 0.382 and rejected
the support at 0.50.
Strategy : Bouncing Strategy (Swing Trading, Short Term)
Entry Price : TBC
Stop Loss : TBC
Exit Strategy : Trailing Loss (following 50EMA). Or to look out for if the uptrend losses its momentum (lower swing high, and lower swing low)
Based on my analysis, it might trade at a breakout within the next few days. To wait for price confirmation within 1-2 days to see if it breakout at USD65.00.
PS: Anyone who see this, please note that this is just a trading idea for short term. I am still learning with all these technical analysis, so appreciate if you could highlight to me the area which you find disagree with. Anyway, happy trading!
