BZUN trade ideas
IPO Stock SecretsIn June of 2017, experts were saying to buy the stock of SNAP Chat. Since then, SNAP has kept going down and has loss over 30%
In the same month...
I posted that the stock of BZUN had more room to go higher. Since then, BZUN has made over 29% in profits...
Do you know that there is actually a way to tell which IPO stocks will become losers and which ones will become winners?
It's a little IPO STOCK SECRET they don't want you to know...
BZUN breaking out to new highs...will it retest 24.8?!BZUN has been blowing through resistance levels, hitting new highs but will they hold? I've been selling puts on this since 18-19 and never getting assigned any shares...although it looks like strong bullish confirmation after breaking the 25.2 level, i think the patient chartist would wait for a retest of at least that low 25 level before entering at this point. But it is pretty volatile so this time around, I'm definitely buying shares outright in addition to selling puts during any dip close to 25. I'll plan to enter at least my 1st third position before earnings Aug. 2, and depending on their ER either sell loads of puts/add more or roll out/down any open short puts and hold long with SHOP - apparently it's the Chinese version of SHOP, already providing Chinese e-commerce solutions for MSFT, etc.! Beginner charting, thoughts on good entry?
BZUN - Flag formation Long from $17 up to $23.87BZUN is forming a flag formation in weekly frame. It also formed an ascending triangle, which seems broken out recently. So we have short term target for ascending triangle & a long term target for weekly Flag formation.
* Trade Criteria *
Date first found- April 10, 2017
Pattern/Why- Flag formation (Weekly), Ascending triangle
Entry Target Criteria- Break of $17.03
Exit Target Criteria- 1st- $18.56. 2nd- $23.87 (weekly flag).
Stop Loss Criteria- $15.72
Please check back for Trade updates. (Note: Trade update is little delayed here.)
BZUN - nice chart but very questionable. Pullback
Status: Watching
Technicals:
Horizontal S&R: yes, support from top of double bottom that formed in Dec.
Channel S&R: yes
MA S&R: yes , 10, 20, 50 sma
Pearson's R >= 85: no, only 70
Price within Fib Ret..62: yes, retested the 50
Fundamentals:
IBD EPS Rating: 52 , bad
IBD SMR Rating: N/A
Short float: 23%, which high
i like the chart of BZUN, but i don't like / trust Chinese stocks. my prejudice toward Chinese stocks is caused from spending half my life there and seeing first hand all the corruption. IBD gives a poor EPS rating and their is no SMR. Zacks gives BZUN a hold rating. today the stock is up 5% on no volume. there is about a month before earnings. I will approach BZUN with caution. if breaks 14.3 i will take a tiny position. first price target will be $17 and then $19.