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Elpidaldo
Oct 11, 2021 11:15 AM

LIFETIME OPPORTUNITY IN CHINESE STOCKS ? Long

NASDAQ:BZUN1D
Baozun Inc.NASDAQ

Description

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BZUN:

Chinese stocks have been beaten down badly. Is this the opportunity of a lifetime to buy them cheap? I don't know.
Tell me what you think.

I like the chart and it looks like we could have a substantial bounce here. I'm buying some January calls.

All resistances mentioned on the chart are potential targets. Let's regain the 50 MA and see.

NIO and BABA charts look also good.

Trade safe!

Comment

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No bueno!
Support and ResistanceSupply and DemandDouble Top or BottomBZUNBABANIOtradeideachinesestocksswingtradingchina
Comments
bruenor3
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These stocks are indeed due for a major pump but market can remain irrational for a very long time. I´m bullish on BZUN, but we could be in for more pain sadly.
Elpidaldo
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@bruenor3, you are right. Still a higher low on the chart so I'm still hopeful.
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