FinVolution Group, an investment holding company, operates in the online consumer finance industry in the People's Republic of China.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $8,08; stop-loss — $5,96.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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I had in my watchlist since Jan19, never bought it though.
It already doubled, so too late to me.
So I bought a similar product, QD.
Do you have anything long term? You always seem to do inner day. But your picks are good.
FINV rocketed over 100% because their earnings. QD has earnings today. Last QD earnings was 1000% beat. They're both Chinese companies in the Financial sector, greatly undervalued based on fundamentals though both are probably cooked books being unaudited fillings as they're Chinese and don't have the same SEC rules as "developed countries"...
KozakHlib
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@Chaython, I think FINV still can boom after the last pump. Buyers were strong enough.
Chaython
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@KozakHlib, I think everything will crash, as CN cold war goes on. QD did good at earnings etc, but crashed today, baidu crashing, small cap crashing.
KozakHlib
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@Chaython, buyers can come in uncertain time, so ... just follow your strategy :)
It already doubled, so too late to me.
So I bought a similar product, QD.
Do you have anything long term? You always seem to do inner day. But your picks are good.
FINV rocketed over 100% because their earnings. QD has earnings today. Last QD earnings was 1000% beat. They're both Chinese companies in the Financial sector, greatly undervalued based on fundamentals though both are probably cooked books being unaudited fillings as they're Chinese and don't have the same SEC rules as "developed countries"...