JD stock continues to trade in the active green Target Zone ($28.97–$23.81). As shown in the trading parameters above, we currently have an active trade that was opened at the upper edge of the zone. However, the current lower levels could also be used for additional purchases. We’re giving ongoing wave (ii) in blue a bit more room to move lower before expecting a reversal within the zone. We anticipate the top of the next wave (iii) to break clearly above the $47.90 resistance, after which the rest of the blue five-wave sequence should unfold, ultimately leading to the magenta wave-[iii] top. At the same time, there is some risk for long positions, as our alternative scenario projects a drop below the $23.81 support (probability: 36%). In that case, our stop would be triggered.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.