This is my bearish trend idea, now during bearish flag you can see it .Wait for clear breakout to downtrend after you can entry, because the overall bearish trend . Only in my opinion.
The PEAD projected a slight bearish outlook after a negative under reaction following $BZUN earning release placing the stock in Drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
BZUN about to break out of its multi weeks channel. Chinese e-commerce long play.
This is my technical idea for Shares of Baozun.inc
I am awaiting for the gap to be filled up, establish bullish signals before buying.
SELL 43.50 to 42.85 T1 38.60 T2 36.00 SL closing up 44.30
-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...
buy 34.10 to 33.45 T1 38.10 T2 40.65 SL closing under 31.65
smaller wave iv. A=C on the larger wave 4 can be expected for the smaller wave iv.
When It breaks 39 Shorts will come. Need to short!!!
As long as it stay above $40 I can go long.
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...