BZUN trade ideas
$BZUN Breakout to New ATH$BZUN Baozun - After breaking out of a tight two-month trading range post-earnings and retesting support at $52, $BZUN is breaking out to new ATHs. Targeting mid-60s in the near term.
BZUN Bullish SetupAfter the gap on earnings, been trading slightly sideways always finding buyers on at around 44 - 43.50
If the trade gets triggered, hold it for a few days and look to move stop up
BZUN gapping out of wave 4?BZUN earnings today gapping pretty large up to the 40s
Open will probably be important
It is a retest gap so we might retest back down sometime soon, but we might run out the gate and the retest over the next few days might only retest the old all time high
BZUN longBZUN broke out of a ~24wk base, formed just below the $40 level. Earnings gap 06/03/2018 on +900% vol, held the gap and pushed off the 6 day line. Constructive PA and base; see how it handles the $50 level.
Will BZUN's "shark fin" moves continue?Shark-fin shapes seem to nicely approximate the turbulence in BZUN's trend. This then raises the question: is BZUN now atop another shark fin?
Raging bull BZUNBZUN seems to display slope-phase shifts. Perhaps its recent post-earnings pop will mark a new slope shift upwards...
Bottom of handle is forming before this monster breaks outChinese 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 which should give BZUN a nice boost. We're also currently sitting at the .5 fib retracement level.
BZUN short term PT $50!Expecting a run upto to $50 to test the long term lower trend line on the the back of momentum from 11.11 (Singles day) sales figures!
BZUN short term PT $50!Expecting the run to follow through to $50 as it tests the lower end of the prior trend-line based on the phenomenal results of single's day sales!
BZUN breakoutThis breakout should help set up the $40 breakout. In strong sector sector led by BABA at highs.
BZUN weekly chart is getting ready to explode upwardsSee comments on the chart. I expect a lot of buy orders flowing in January for massive gains throughout 2018. Good luck to all longs.
BZUN is oversold and will start a positive trend next weekHoping to see this bouncing off of 200DMA. All indicators show oversold.
Broke out of symmetrical triangle to the downsideWait 3 days for new pattern to establish, more downside potential $KWEB $CWEB $BABA
Support Break with High Volume !If she manages to break out of this $30 support level with good volume, you will probably see it come down to the $26 Previous support level. It is a good opportunity for a short if it manages to fall through $30. price is probably headed to test the 200 EMA so make sure you take some profits into strength if you enter trade.
