$BZUN Baozun looking oversold (RSI & MFI), catching trend line support around $51.50 today. Expecting a bounce in the near term, assuming support line holds. Short term and medium term targets on chart.
Stop loss - $49.50
Note: Observation/opinion, not investment advice.
Added positions in China as I see strength in growing middle class/consumers.
- More attractive valuation than those in US.
- I believe there is more credibility in investing in China's blue-chips. I expect foreign institution $ to flow back to China.
- I am focusing on purchasing best companies in China in technology space.
- I like internet of things and I...
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...
After its ritualistic crash, BZUN made a double bottom. I love trading this stock so I took a long position right here :) It should stall when it reaches the yellow dots (just a feeling from trading this stock multiple times), May come down one more time or maybe not. Its BZUN. Get a tight stoploss. :D.
Important: I post my ideas mainly to help myself analyze...
This is the followup from my previous analysis. The trading is active, BZUN made a tomahawk Pattern today, promising a huge gain tomorrow if the futures are green! Don't miss out! Please see my previous analysis for detailed analysis.
Bullish Flags Pennants, closed with actually 2 bullish hammers and a dragonfly doji! Good AH play.
Earning is on 21st Nov 2017, which was updated from the estimated 17th Nov 2017 (might have caused the stock to trade sideways from the previous ABC pattern, failing my initial hypothesis.)
Now with the 11/11 catalyst and a confirmed earning date, there is a very...
BZUN lot of momo 2 weeks ago with strong trend. We have now for over 1 week pulled back in an orderly fashion right to the 50sma . If it can hold here we could get a swing trade with these recent lows from friday along with 50sma to provide support and manage risk.
BZUN has been blowing through resistance levels, hitting new highs but will they hold? I've been selling puts on this since 18-19 and never getting assigned any shares...although it looks like strong bullish confirmation after breaking the 25.2 level, i think the patient chartist would wait for a retest of at least that low 25 level before entering at this point....
BZUN is forming a flag formation in weekly frame. It also formed an ascending triangle, which seems broken out recently. So we have short term target for ascending triangle & a long term target for weekly Flag formation.
* Trade Criteria *
Date first found- April 10, 2017
Pattern/Why- Flag formation (Weekly), Ascending triangle
Entry Target Criteria- Break...