Here’s your trade on JD.com ($JD). (November 03, 2020)
JD
JD.com ( NASDAQ: JD ) is in a really good entry point. This is a good entry right here; you are still in congestion but if you look at the way the stock traded, it gapped down at the open, which is kind of different because today’s market was really strong.
The stock gapped down about 3 percent. It fell for a brief moment below the 50-day moving average and then closed higher on the day, not very high from yesterday but very high from the open. It had a complete turnaround today and was on heavier than average volume.
Here’s your trade: The stock was up at 83.43; I would say if the stock runs up to 83.45 I would be buying the stock here. And then I would keep a stop just a little bit below today’s intraday low, 79.84, give it 2 pennies, 79.82. That’s the trade that I would make on this.
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