LONG BZUN Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
BZUN trade ideas
BZUN 19.12.19 LongAsset and Time frame -BZUN,1H
Entry Price -34.59
Exit(Stop Loss) -33.22
Exit(Take Profit) -39
The range between stop loss and entry - 1.37$
Technical Analysis - Hourly chart, an engulfing bullish candle broke a 30M trend line with a pattern and some volume after down-trending for a long time on the daily chart, daily chart reached the -0.272 Fibonacci level and reacted a couple of times.
What can be improved -
Conclusion & End of Trade -
BZUN long setupBZUN price going up with weekly trendline. possibly buy. wait for 123 pattern for confirmation. I also watching this one for trade .
BZUN - Trending up HHs HLsStop in at $40.79. Cloud support. Green candles. Breaking the 20 day high. RSI above 60. Earnings May 11th.
BZUN Long - 4/1/2019Potential long on Bzun, waiting for resistance to be surpassed. Overall healthy climb with little sign of exhaustion. Would recommend as a around $44-45 assuming technical analysis holds true.
Long Term VIEW Thrusting Pattern Chinese BaozunSitting on 61.8%
Thrusting Pattern Candlestick Forming on Monthly Chart.
BZUN - Rolling journal pt 2Previous idea:
Scenarios that make sense to me:
1) Rally from 1H SD flip that was the premise of my second entry (unlikely because of the drift into the bottom of this SDF when price should have reacted more strongly if buyers were stepping up)
2) Bear engulfing plays out and price drops to top of flag that was the premise of my first entry, confluent with .705 of this leg up before rally to 1M O/.236 of entire 5 waves/-.618 of current leg, though there is a small 1D gap in the 51's that might be the top (likely)
3) Bear engulfing plays out and sweeps stops under clean lows / reaching deeper in demand zone for liquidity before bounce to target or to top of flag for breakeven exit, coinciding with LT trendline breakdown and retest (likely)
4) Bear engulfing plays out and price goes to 40.75 gap before bounce to top of demand flipped supply / trendline retest for breakeven exit (worst case)
1W shows a swing failure, wick through lowest body but closes above, obvious target is middle ATR band
BZUN - Compression into EarningsBZUN has been a price action dream
Similar setup to last earnings, bull div on daily going into earnings on 8/14
Buy in anticipation or buy the retest
Look at the high volume day close...it's support of a new baseLook at the high volume day close...it's support of a new base
$BZUN Baozun Oversold at Support$BZUN Baozun looking oversold (RSI & MFI), catching trend line support around $51.50 today. Expecting a bounce in the near term, assuming support line holds. Short term and medium term targets on chart.
Stop loss - $49.50
Note: Observation/opinion, not investment advice.
