JD — 11 Days to Save Bull Thesis
$JD.com(JD)$ has 11 days to bounce or the bullish thesis is DEAD💥
We went long two months ago when the data was flashing green:
• Monthly BX increasing (new bull cycle signal)
• Heavy institutional call flow confirming demand
Since then, $JD has dropped 14% and the Monthly BX is now printing dark red / lower low. This is a strong reason to consider exiting.
But this Monthly candle is NOT closed yet.
Meaning nothing is confirmed.
If we bounce before month-end, bullish thesis stays alive.
If we close like this… I’m walking away.
Historically this setup wins 60% of the time, but the 4.5 R/R makes it worth taking.
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