Chinese stocks are breaking down trends - looking for follow through.
NASDAQ:BZUN I see BZUN testing the bottom of a descending triangle for the third time on the Weekly. Today's price is just below the blue YTD VWAP with the purple 50 Week MA acting as support. I also have a Hyperwave Phase 2 line in this area as well. I also see the beginning of Wave C of an ABC correction which my measured move estimate takes us to a minimum...
BZUN : Chinese stocks have been beaten down badly. Is this the opportunity of a lifetime to buy them cheap? I don't know. Tell me what you think. I like the chart and it looks like we could have a substantial bounce here. I'm buying some January calls. All resistances mentioned on the chart are potential targets. Let's regain the 50 MA and see. NIO and ...
buy after the break and resistance level at 17.62 .. finally target next resistance level ..
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...
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 --- Baozun authorizes $125M share repurchase program seekingalpha.com
Baozun Announces US$125 million Share Repurchase Program!!! BZUN: Baozun Inc. 2021-05-18 06:46:10 Baozun Announces US$125 million Share Repurchase Program
double bottom seems to have been established. But thing are not always what they seem I guess. A double or triple bottom can show a price that bulls refuse to go under, and the bears see this level. Short interst drops dramatically as a rule. No recommendation. A Notoriously volatile stock (o: Possible stop below 33.5
BZUN is setting up nicely for a buy. I already bought call options for Jan 22. I think this will move back up to a new All time High. Fib below at 35.75 will probably sell half at breakeven and ride the rest to $50 or possibly even 100.
As we can see on the daily chart, there is a breakout from the triangle pattern so I am waiting for the price to reach around 31.15 to bounce back to 64.12. However, as ecommerce industry is getting more popular and online purchases have rocketed these years, I expect BZUN to go even higher in few years!
Possible stop under C. Short interest is usually on the higher side and is approximately 15.85% Targets 2 73.5 to 83. These are longer term targets. Hopefully C is C (o: Earnings were 3-4 Not a recommendation
Baozun offers another way to get exposure to Chinese e-commerce. The company is not an online seller like Alibaba, JD, or Pinduoduo, but a facilitator, helping multinational companies with fulfillment, marketing, and technology to sell online in China. Baozun, which counts Alibaba as an investor, has 260 brand partners including Nike, Microsoft, and Philips, and...
Entry price : 50.61 Fundamentals : - Sector: Software - EPS % Chg (Last Qtr): 77% - EPS % Chg (Previous Qtr): 69% - 3 Year EPS Growth Rate: 19% - EPS Est % Chg (Current Yr): 33% - Sales % Chg (Last Qtr): 28% - Sales % Chg (Previous Qtr): 23% - 3-Year Sales Growth Rate: 28% - Annual Pre -Tax Margin: 5.8%
It has a mini bull pennant. It is far extended and just finished a golden cross. I have alerts set to detect direction for pull back or break up. I do not know if I will swing or use call options on this one.