This post was just published on ZYX Buy Change Alert.
There are times when a mental stop is suitable. This is not one of those times with JD. Hard stops may be considered by those in this position.… Please click here or the title below to read more.
This post was just published on ZYX Buy Change Alert.
JD is a new IPO that will start trading shortly. It is an ecommerce company in China. Up to 30% of the full core position size may be considered in the zone of $19 to $23.50, preferably below $21.67. The stock is likely to be volatile when it opens, for this reason scaling in with the smallest practical tranche may be considered. Experienced traders may need to take slight liberty with the buy zone. Hard stop in the zone of $18.88 to $18.94. Target zone is $28 to $33.
This is a short-term trade.… Please click here or the title below to read more.