$JD - RC -
Added 2024-01-06 19:11:07 +0000 UTCWe continue to watch this in the background, Michael Burry has reported opening another sizeable position in $JD and $BABA in his last report, I can see where he believes the reward favours the R v R assessment here.
We have $JD in the buy zone right now as it continues to consolidate below the 0.887 Fib at $29.35, which is also the buy zone top limit.
So a break above this level and we could see signs of reversing and I can add the impulse waves next then.
Currently $JD is consolidating in its range for its first two years on the market before breaking out and jumping 300%.
There is potential for the same thing to happen here too....similar to $BABA.
Comments
would this be potentially the end of Wave 2? Wave 3 potential ~$160? Can we get an update on this one? Thank you!
JD
2024-02-21 11:41:14 +0000 UTC
