The story of a trading range breakout told on $JD daily
An interpretation of the underlying actions of market participants & what these actions signal.
Kommentar:
Bar 9 is very bearish and tested, but did not penetrate the top of the previous trading range. Earnings report (although showing growth) had impact as did MRNA vaccine news (seems ecommerce goes down with positive vaccine news). Since earnings were strong and price didn't violate support, there's a chance it will recover in the following days.
