Baozun Inc.Panjang
E-commerce companies that are lesser known.
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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.
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.
Nota
look out for today's closing , it will reveal if it is right timing to go scoop up this great companyNota
another false alarm, breakout of the bearish trend and then fall back in again......Nota
a 9 over percent drop as the news of china listed companies were get delisted in US stock exchanges.For those who are more into fundamentals, you can wait for 2 June to read its financial statements.
This is a good chance to accumulate on the cheap now
Nota
globenewswire.com/news-release/2020/06/02/2042039/0/en/Baozun-Announces-First-Quarter-2020-Unaudited-Financial-Results.htmlFantastic results leading to a more than 10% jump in share price and it has now broken out of the bearish trend line.
Nota
awaiting a pull back and possibly adding moreNota
A month ago, I spotted this great company and said that I would be nibbling this stock at 28 dollars. Today, it has went up by nearly 10 dollars profits to a high of 37.99. Praise the Lord for his blessings and congrats to those who followed.
Nota
at current price ,it is giving late buyers another entry point. would you ?
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