Thoughts on JD.com?

On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to buy entry at 253.4 where the swing high resistance is. Once there is upside confirmation that price has broken entry structure, we would expect bullish momentum to carry price to take profit at 286.6 where the swing high resistance, 127.2% fibonacci extension and 78.6% fibonacci projection are. Alternatively, price could drop to stop loss at 229.6 where the overlap support and 61.8% fibonacci projection are.

Entry: 253.4

Take Profit: 286.6

Stop Loss: 229.6