In the past few sessions Vipshop Holdings' share sharply fell but the stock is presently coming back to a significant support level.

The firm enjoys an almost perfect Surperformance rating which underlines the revenue growth, the earning quality and the analysts’ optimism. There is a tremendous buyer consensus (>90%), whose average target price is displaying a large 2 digits upward potential.

Graphically, the security is displaying a bullish trend in the long term and in the mid-term. However, in the short term the trend is bearish as prices have been falling for several weeks. That decline led the stock in a relevant area which gathers the lower trend line and two support, one in daily data, the other in weekly data.

Consequently, investors may open a long position at current prices and target a reversal toward the USD 21.6 resistance. A stop loss order will be set at USD 19.3.