Bottom of handle is forming before this monster breaks out

Chinese e-commerce is growing rapidly while half of China is still not connected to the online world. BABA and SoftBank own significant stakes in Baozun             which is worth less than $2bn now. In my opinion, $40 will soon be broken and this will reach new highs. Here, you could see a nice cup and handle pattern. I expect market-wide selloff to halt starting next week which should give BZUN             a nice boost. We're also currently sitting at the .5 fib retracement level.
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