Mikebike

JD forming bullish divergence inside descending triangle

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NASDAQ:JD   JD.com, Inc.
Descending triangles tend to be bullish consolidation pattern. Confirmation will be achieved upon breakout of the triangle. Long positions would be promising to open in the range of $21-24 with a short term target of $30-31. Longer term we think this stock can go back to $100.
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