Bottom of handle is forming before this monster breaks out
Chinese 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.
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.
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