SR618

BZUN - nice chart but very questionable.

Panjang
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NASDAQ:BZUN   Baozun Inc.
2
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.
Komen:
took a long position and will exit before earnings
Komen:
exited position on close Feb 21 because believed earnings was after close

Penafian

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