barnabygraham

JD - Long options into November 19th

Long
NASDAQ:JD   JD.com, Inc.
This is aggressive and short term.
First target is 86 at the run up to earnings and potentially higher. I'm in Nov19 options, much safer would be to use shares with a stop under 78 with a main final target of 90, but longer term this chart is beautiful and I'm expecting all time highs within the next 18 months.

The retest of the 80 area is a perfect .5 fib retracement and price action since then has been supportive.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.