Hubert Senters here.
Let’s take a look at JD, JD.com. And you can see it breaking down. Had a gap down situation looks like or had a little issue here in United States either way technically it is in pretty rough shape and you can see we had a target here $28.28 for some support.
It has broken past that with one mass with one gap down and a push lower. Next support that you have for this bad boy is going to be right down here in this area and in this area so $25. Right now trading at $29. 53. Next target would be $25.25 to $23 so $23.50 up to say $25 and a quarter on JD.
They’ve got a couple different options when the markets start to roll over like they did yesterday and today. You have the lead and the lag effect. You want to look at the things that are leading you lower as opposed that are staying up there and just kind of holding on high and tight.
Now, if you want to go long that’s your shopping list. The stuff that’s not pulling back, not selling off. That’s where you want to be when the market bounces and goes back high. When it goes down you want to short the weak things like this.
Good luck. Hope it helps. See you on the next video.
Hubert.
