BZUN trade ideas
ABC BullishEarnings 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 hitting C then moving forward
Usually a safe pattern because stop is often close to entry
But is anything really safe?????
3 Chinese stocks that generate 50% returns and moreOne of the latest in my portfolio, BZUN has registered nearly 50% returns since we longed at 28.97. This is an e commerce stock in China. Read more here .
The second one is Pinduoduo stock where I covered in last November. This one has given us more than 170% returns thus far. Read about their news here
The last one is ZA Online stock which I recently acquired. This has given me 68% returns in less than a month.
I believe God will continue to bless us abundantly in our wealth creation and accumulation.
BZUN - Longterm stock playBZUN has just come out of a corrective cycle that has lasted nearly 2 years. It looks to be in the midst of a new corrective set, this stock will most likely break its previous ATH within the next 12 month period. Cannot give profit taking targets on this as it is long-term.
Price-Point of Invalidation: 28.21
$BZUN can rise in the next daysContextual immersion trading strategy idea.
Baozun Inc. provides brand e-commerce service to brand partners in the People's Republic of China.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $37,76;
stop-loss — $37,50.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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E-commerce companies that are lesser known.If big foreign multinationals are not pulling out of China , much to the dismay of India, then they will want to have a slice of the online market that is worth billions of dollars.
In China, Alibaba , JD.com , Tencent are the dominant players in the online space. Lesser known are company like Baozun who help foreign companies like Nike, Godiva , etc to set up their online presence. Well, it has 3 different operations , distribution, consignment and on service fee.
Read more about this exciting company here .
If the price at 26.41 can be supported, then I am expecting it to break out of the bearish trend line and heads higher.
When compared with Alibaba, we can see clearly that price starts to diverge in November last year as Alibaba continued to goes up north and Baozun plunge down.
BZUN: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.