FollowMyTrades

JD Sports (JDL UK) - Buy

Long
LSE:JD.   JD SPORTS FASHION PLC ORD 0.25P
44 views
2
I've placed a buy order on JD Sports at 402 with a TP at 500 and SL at 360 just below the 200MA.

I believe the company has great growth potential with outstanding financials. Q1 results are out tomorrow hence the reason for the order above the current price, we could see a gap up but I will monitor it in the morning to see if we miss my entry, if so it will be manual dependent on opening volume . If results disappoint price will move down so with the buy order above we should not have any issues.

Technically price is oversold with RSI and stoch both indicating oversold levels. Price closed on an outside day with higher than average volume .
Order cancelled: Large drop on open so trade invalid. Still believe this is a good buy so will monitor for entry at later date.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out