Is the China Rotation Beginning?
$JD $BABA $KWEB
I included JD 0.00%↑ in a post last week. I didn’t write about BABA 0.00%↑ at the time, but I am long, as it was in a similar setup in my view. These charts seem to be taking shape and are worth a look.
Nice volume gap into that (declining) 200 day MA provides for a possible quick push.
Similar setup with that unfilled gap above.
Less attractive given the sizable volume it has to work through here. However, if it’s able to, it would mean a likely break through the 200 day, which would provide a favorable long setup.