The USD 12.15 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, the company growth is an argument to bet on this stock for future months. Due to the current target price, a 40% potential has been made by the analysts covering the stock.

Technically, the security is in a negative configuration in the short term as the bearish trend of the 20-day moving average, currently at USD 13.5, shows. Nevertheless, the stock seems to have found a pertinent daily support at USD 12.1. This level might stop the bearish trend in the short term.

Thanks to the technical pattern and Vipshop’s strong fundamentals, active investors can open long positions above USD 12.1. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goals will be fixed at USD 13.4 in a first time and then at USD 15, recent highs.
However, a bearish trend would regain the upper hand if the security crosses USD 12.1.