Asset and Time frame -BZUN,1H Entry Price -34.59 Exit(Stop Loss) -33.22 Exit(Take Profit) -39 The range between stop loss and entry - 1.37$ Technical Analysis - Hourly chart, an engulfing bullish candle broke a 30M trend line with a pattern and some volume after down-trending for a long time on the daily chart, daily chart reached the -0.272 Fibonacci level and...
Paper Trade, see an incoming range developing on the weekly
BZUN price going up with weekly trendline. possibly buy. wait for 123 pattern for confirmation. I also watching this one for trade .
Stop in at $40.79. Cloud support. Green candles. Breaking the 20 day high. RSI above 60. Earnings May 11th.
Potential long on Bzun, waiting for resistance to be surpassed. Overall healthy climb with little sign of exhaustion. Would recommend as a around $44-45 assuming technical analysis holds true.
Daily needs back above $33.50 and then moves back into the up channel
Sitting on 61.8% Thrusting Pattern Candlestick Forming on Monthly Chart.
Previous idea: Scenarios that make sense to me: 1) Rally from 1H SD flip that was the premise of my second entry (unlikely because of the drift into the bottom of this SDF when price should have reacted more strongly if buyers were stepping up) 2) Bear engulfing plays out and price drops to top of flag that was the premise of my first entry, confluent with .705...
In the chart. What do you guys think? -Kristian
BZUN has been a price action dream Similar setup to last earnings, bull div on daily going into earnings on 8/14 Buy in anticipation or buy the retest
Look at the high volume day close...it's support of a new base