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VoSI VooDoo(TM) Report - Baozun (BZUN) 9/19/18

The VoSI VooDoo Report
Offbeat Ideas and Commentary from the Depths of Gil's Trading Notes

Baozun (BZUN) has had three waves of downside selling in its pattern, and is now "living" below the 200-dma.
The third downside wave by definition undercut the August 15th low at 45.75 and the stock has now rallied above that low, closing today 46.50. Therefore, this would trigger a low-risk undercut & rally (U&R) long set-up here using the prior 45.75 low as a very tight selling guide. The success of the U&R will likely depend on how well Chinese names are able to rebound over the coming days. Nevertheless, this is an actionable set-up, and the primary advantage of the U&R set-up is the existence of a very tight selling guide that is defined by the 25.75 prior low. A typical Ugly Duckling set-up that is concrete and concise with respect to tight risk-management.

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