Posting this one a little late. Originally had this idea two days ago. MACD and RSI divergence spotted on the daily, along with price at the 200sma/ema. Stop cn be kept just below the low there, making this a binary trade.
I like this on all time frames. This is based off the hourly coiled stochastic divergence and is a shorter term trade setup. Buy: 44.00 Target: 44.55 - 46.25 (1.25% - 5.11%) Stop: 43.50
I am so happy to notice, my JD short plan has approached. If you saw my analysis, and short at the position i draw on pic, congrats.
JD has broken out of it's down trend. Confirmation will be if it impulses to the upside and does not slowly go back down.
CCI / RSI gaave previous buy signals. However CCI is decreasing. Elliot Wave was quick and dirty (wave 3 isn't longest etc.). MACD buy signal could be false. No position is taken yet.
Stoch(160) and DMI(160) at prior reversal area.
JD crossed up the resistance with twice the average volume. Bullish.
A break to the upside will require people that are short to buyback their position and will trigger people to buy into it, same the other way.
Wow! If I could figure out the elliot wave or fib scripts... I'll take a wag and say just shy of $60 by March 1st. entry was a $41 on the descending wedge gap up. Added more on the breakout today at $49. fingers crossed