China-based e-commerce solutions vendor Baozun (BZUN) posted a U&R today through its prior 37.48 low. It sold off earlier in the week after reporting strong earnings and sales numbers. The stock closed today at 38.05 after previously undercutting the 37.48 low earlier in the day, so is in a buyable position using the prior 37.48 low as a selling guide per the standard rules for handling undercut & rally, or U&R, long entry set-ups.
Undercut & Rally - Baozun (BZUN) 11/25/20
|Published:||25 Nov 2020 16:33 ET|
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