Stock from China with upside potential of up to 200% 📈

📱 Buy Baozun
Ticker: BZUN

Buy by: 5$
Goals: $8.3; $11.5; $15.4.
Potential return per trade: up to 200%
Volume per trade: up to 1.5-2% of the portfolio

This deal should be taken for medium term.
The paper is quite volatile, so it makes no sense to put stops, we go in a small volume.

⚠️Risk level: high

Baozun is a young IT company that provides e-commerce services.
Average annual revenue growth is 27%, debt/equity is a comfortable 37%.
Forward P/e ~ 8.3 , P/s ~ 0.2.
From its peak, the stock fell by -92%, and our team believes that all the negative is already included in the price and the security is unlikely to fail significantly lower.

According to technical analysis, the stock shows the first attempts at a medium-term reversal.
At the level of $3.5, a support line was formed, and securities were paid off from this level on an increased volume.
Shares are below the 200-day moving average (negative).
RSI - locally overbought on D1.

But if you want to find more ideas in great companies with high growth potential, welcome to the profile 🎩
chinaforecastFundamental AnalysisinvestingsharesStocksstocksignalsSupply and DemandSupport and Resistance

👀 Торговые идеи это хорошо, но гораздо важнее торговая стратегия, которая приумножит твой капитал.
О том как ее создать я рассказываю на своем Телеграм канале: t.me/+SDGQbauVgnJhYmFi

📊 Торгую на бирже BingX:
bingx.com/invite/XLQBBK
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