JD.com is Bullish (Double Bottom)

Weekly Hammer close. $ 33 potential double bottom in play.

Highly volatile and subject to gap ups and downs being a chinese name.

Will be looking for entry early this week.

Commento:

Hang Sang Index (HSI) with a weekly hammer close over the 50 moving weekly average.

HSI gives us an early look in to JD's potential price action on the NYSE the following day.

Note it is in a large timeframe inverse head and shoulders.

I am hedged potential Chinese/Taiwan conflict issues with Lockheed Martin shares (LMT) as that is always in the background.

Trade attivo:

Long 1/4 position @ 34.25

Trade attivo:

Add 1/4 position @ 34.50

1/2 max

Trade attivo:

I'll be adding here on any pullback to max out the position. Nice day.