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UnknownUnicorn7308096

$JD Cup & Handle / Bullish Pennant

Long
JD.com, Inc. (NASDAQ:JD)  
UnknownUnicorn7308096 Updated   
NASDAQ:JD   JD.com, Inc.
Chart Patterns
4
0
chartpattern
$JD is forming a Cup & Handle with a bullish pennant as the handle. This pennant presents an ideal place to accumulate $80 & $83 before breakout.

I am currently in $JD $80c December average $6.
Comment:
I think it's fair to say this played out.

snapshot

$80c are trading at $11.05 +85%. I took off my initial investment and rolled a small portion of it to $JD $90c December avg $4.75. I am looking for higher in $JD but expect a retracement. Therefore I am disciplined with my position, take off my initial, start a small upside position. Feel free to take profits as you see fit.
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