Analyzing the options chain and the chart patterns of BZUN Baozun prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $0.42.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to...
In my opinion we can see the new lower high according to the descending channel and getting back from the support zone.
My Target 1 is around 35$.
It is not financial advice do your research please before processing.
Happy trading all!
Baozun Is In The Buy Zone
Chinese equities continue trading at a discount to their all-time highs, despite the market breaking new records by the day.
Baozun posted robust Q1 results, yet shares remain depressed.
seekingalpha.com
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Baozun authorizes $125M share repurchase program
seekingalpha.com
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
