9991 trade ideas
BZUN - Time for Puts / Triple Top / Moved Too Fast / Scam??0. Notes to follow; Something fishy;
1. SEC going to fix this one shortly;
2. Initiating a small PUT position here against the March 19th strikes below;
3. Going to watch this. Just got flagged for "suspicious" on our radar;
4. Chinese Shell Company Games:
CRACKING DOWN ON CHINA'S SHADY SHELL COMPANIES
www.cnbc.com
Is this one of them?
Equity Investment and Strategic Business CooperationBaozun and iClick Announce Equity Investment and Strategic Business Cooperation
As a result of the agreement, Baozun will own 4% of iClick's shares outstanding and control 10% of its voting power.
The companies said they entered into a "strategic cooperation framework agreement" and will collaborate on a closed-loop e-commerce service model, focusing on areas like digital marketing, customer service, and fulfillment. That complements Baozun's core business of providing e-commerce services such as marketing, fulfillment, and IT for multinational companies like Microsoft and Nike. Also key in the deal is that both companies will develop a private domain traffic platform for Tencent, the tech giant and owner of the super-app WeChat.
A short squeeze may have also helped drive the shares higher.
Baozun is subject to a 180-day lock-up period on the above shares subscribed from iClick or purchased from the existing shareholder.
finance.yahoo.com
$BZUN --> Long setup turned Bearish --> Developed H&Soverall constructive chart lately just turned bearish today on the break of neckline..
I exited my position with 6.5% loss
It might recover ..or might keep sliding down .. I don't wish to find out while staying position.. Stepping out.. want to watch how this plays out .
will re-enter again
Bullish BatPossible long term targets 2: 59.3 64
The Harmonic Bat is a variation to the Gartley pattern..The Harmonic Pattern Bat is made up of 5 swing points, X,A, B, C and D and come in Bullish and Bearish bat variations. The bearish version looks like an upside down and crooked W and the bullish version looks like a crooked M..
The Harmonic Bat pattern has the following characteristics:
AB leg can retrace between 38.2% – 50% of XA leg
BC leg can retrace between 38.2% – 88.6% of AB leg
CD leg can retrace up to 88.6% of XA leg
CD leg can also be an extension of between 1.618% – 2.618% of AB leg
Not a recommendation
$BZUN with a slight bearish outlook following earning releaseThe PEAD projected a slight bearish outlook after a negative under reaction following $BZUN earning release placing the stock in Drift D
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Bullish BatPossible 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 are long term and usally occur after a pull back, Focus on targets 1 for now I would guess