Updated AUG 18
I had that AUG 6 chat room alert for a share fill order @ 25.94 sitting (which filled) and after reporting earnings last week, JD took right to my upside maximum target of 31.42. From Tuesday, AUG 13 watch prior to earnings report: I got that LONG entry on shares last week when that 25.93 showed and you can see how well that 26.18 – 25.87 have supported JD since APR. I’d like to see an earnings pop above that 31.42 so that 33.80 – 35.10 can come back into play and work on that lost support from last year April, but its all about earnings. Go back to the IPO and it’s pretty clear JD is attempting to launch its next cycle and 33.80 – 35.10 would be a good sign it has officially launched.
With that 31.42 achieved and trolled across for the remainder of the week, negative divergences are set up on smaller time frames and a retracement back to the 50d SMA as a minimum are in order heading into the end of the month, whereas a drop back to the 200d SMA and the earnings report dip @ 26.50 are not totally out of question.
Mainly due to a cluster of fibonaccis here @ 31.42 – 31.23, a draw back to 28.50 off of #tradewar headlines would be most appropriate which aligns well with the MASSIVE SEP 20 JD 27 BEAR CALLS & AUG 30 JD 30 PUTS taken mid morning on Friday – the retracement back to 28.50 – 28.34 in the coming week(s) views as the highest odds pathway
Anything above that 31.23 would be deemed appropriate with the best BEAR view closer to that 32.28 while a break below 30.40 is the first indicator that 29.76 and the 50d SMA are due to attempt to support. Breaking there would immediately bring back 28.34 which stopped me out of my share long for +2.70
JD 6Hr YTD
AUG 23 PUTS:
AUG 30 PUTS:
AUG 30 BEAR CALLS:
What I like is an AUG 30 BEAR CALLS SPREAD:
- buy 30th Aug $35.00 Call (1×100 $0.08) $-8.00
- sell 30th Aug $28.50 Call (1×100 $3.00) $300.00
- Total Credit: $292.00
This JD is a pretty decent candidate for a #32Trades into AUG 30 😎