Have a look at the longer term BZUN chart - it's getting close to the IPO range. This wedge is still very close to the bottom. Expect this to behave much like other China names but with a value style factor. The media will determine the momentum. I expect Chinese names to chop violently indefinitely which justifies slowly buying into weakness.
Notice the timing of the breakout on Aggregate Volume Drift. Using 1 minute accumulation data.
AVG is a crazy powerful tool if you know how to use it, and I've not even fully figured it out yet. It can pick up on moves many months before they occur, so be patient and study it well before you put your money on it. What it (basically) tells you is where the RTH holdings are. If you believe that institutions who can move stocks AH are part of that group, you can expect "mysterious" gaps (often with well timed media continuity) in that direction to come along eventually.
Notice the timing of the breakout on Aggregate Volume Drift. Using 1 minute accumulation data.
AVG is a crazy powerful tool if you know how to use it, and I've not even fully figured it out yet. It can pick up on moves many months before they occur, so be patient and study it well before you put your money on it. What it (basically) tells you is where the RTH holdings are. If you believe that institutions who can move stocks AH are part of that group, you can expect "mysterious" gaps (often with well timed media continuity) in that direction to come along eventually.