JD.COM has formed a pretty nice cup and handler pattern and successfully breakout.
Based on wyckof, to confirm a breakout, it has to retest back the previous resistance (current support) to assure that the stock will continue to rally
Technical Wise;
-Currently well rallying in an uptrend channel
- Forming a nice spring/hammer at the edge of the uptrend channel
Summary: A confirmation needed tomorrow to assure this counter will starts its next rally up !
Based on wyckof, to confirm a breakout, it has to retest back the previous resistance (current support) to assure that the stock will continue to rally
Technical Wise;
-Currently well rallying in an uptrend channel
- Forming a nice spring/hammer at the edge of the uptrend channel
Summary: A confirmation needed tomorrow to assure this counter will starts its next rally up !