mchongmy wrote a post · Jul 20, 2022 12:10

Anyone thinking of buying JD.COM?

Hi guys! Anyone thinking of goin long for $JD-SW(09618)$ ?

On the H4, with price moving within the ascending trend channel and MACD showing a bullish momentum. we have a bullish bias that price will rise from the entry at 248.2 to the take profit at 265.8 at the swing high in line with the 78.6% fibonacci retracement. Alternatively, price may drop from the entry to the stop loss at 234.0 at the multiple swing low in line with the 50%fibonacci retracement.

Entry: 248.2

Take Profit: 265.8

Stop Loss: 234.0

Let me know what you guys think!