-My expectation is the 200 Week EMA support should lead to a breakout of the 2+ year flag pattern
-Trading above the VWAP from March low supports the idea that risk is to the upside
Possible stop below 31.6
NV is high/short interest is also on the high side but always is for this stock
It is kind of like certain stocks are just their faves
I guess it does not mean it will go down. In fact, sometimes it can make a stock go up due to the shorties having to purchase it.
No rising wedges noted
Earnings 11-20
Not a recommendation
Targets 2...
Earnings 9-1
Targets 2 are 64 to 71.5. I did not put them on the chart due to market volatility. There is most often a pull back after hitting targets 1. Some do not make it to T2 for a long, long time..if at all
Tis the season of online! I wish I had bought CLIX a long time ago! Oh well
ABC patterns are only valid after break out with a clear trend up after...
One of the latest in my portfolio, BZUN has registered nearly 50% returns since we longed at 28.97. This is an e commerce stock in China. Read more here .
The second one is Pinduoduo stock where I covered in last November. This one has given us more than 170% returns thus far. Read about their news here
The last one is ZA Online stock which I recently...
BZUN has just come out of a corrective cycle that has lasted nearly 2 years. It looks to be in the midst of a new corrective set, this stock will most likely break its previous ATH within the next 12 month period. Cannot give profit taking targets on this as it is long-term.
Price-Point of Invalidation: 28.21
Contextual immersion trading strategy idea.
Baozun Inc. provides brand e-commerce service to brand partners in the People's Republic of China.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a...
