KATechician commented on a stock · Apr 15, 2021 11:21

Technical Analysis of JD

See the first 2 orange circle .. it’s called a double bottom.. it means if the 2nd bottom cannot pentrentrate the previous low .. it creates a high resistance line .. once the next 1-2 candles (6months view) is an up trend .. it will soar for the next approx 1-2 months (until hit a new high) then market will do consolidation and go down again (sometimes won’t happen) .. in this case (see photo), it happened .. NOW, you can see the next 2 orange circles .. it’s creating the new double bottom .. if it doesnt penetrate, it will align with the same previous resistance line .. the next 1-2 candles up trend it will soar again, and will create a NEW high .. next 1-2 weeks is crucial price point .. some info for you if you intend to invest ..
Risk takers: buy at 1st green candle from resistance line.
Conversative: buy at 3rd green candle from resistance line.

feel free to critic my analysis so we can learn tgt ..

PS: Dont take my advise as golden. Do your own analyse

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小屁葵 : Even according to your theory, the second low has not been reached, and is it not the first time that a retail low has happened

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KATechician OP 小屁葵 : Just because it happened many times, did not wear, will be stable. Yes, it hasn't been reached yet. So I say 1-2 weeks.

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小屁葵 KATechician OP : Hahahaha looking forward to a wave, take off ️

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KATechician OP 小屁葵 : Uh-huh

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KATechician

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