RE: JD Technicals looking very strong today31 Jan 2025 09:18
I will take your word for it, F-F, as I have not looked at the Fibs on this one that recently, lol.
The 61.8% is probably my go-to one generally, although I do plot a couple of the others as well, if I am trying to do a deep dive on a potential TA trade, in a name where I am indifferent to the fundamentals.
With these particular JD ones, I simply considered a combination of the fundamentals, on top of those gap fills that we both mentioned previously.
So pretty basic stuff for this one...but I remain confident that that alone should be enough to hit my various target prices in this particular case.
IMO, they are not particularly ambitious targets either, so fairly low risk - but of course I take nothing for granted and we shall see soon enough. GLA.