Bullish BO of a descending channel and triangle

12 thg 5

JD has been pulling back for quite a while, and has just recently broken from the descending channel, after touching a higher TF dynamic support level, reacting from it and today with volume, obviously, every trade has their risks, plus tomorrow is it's earnings release so keeping that in mind... Need to act quickly if investors don't like the results and actually pull the market back down, however, it could go positively and allow us to capitalize on the uptrend as well.
So it is a slight risky trade, however, never invest the whole lot in one go, and accumulate as the price allows you to do it!

13 thg 5

Giao dịch đang hoạt động

As for today, JD is behaving phenomenal with a 4.8% increase after having good earnings release. Good for the trade, we could add onto the trade, however, I think that I should wait for a better opportunity to arise, once the price touches at lease the 10EMA and then if a reaction occurs with volume then invest into it!