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tangman
Aug 5, 2019 2:09 PM

[Idea Short] QD not broken yet...? 

Qudian Inc.NYSE

Description

China stocks are getting destroyed by currency devaluation and (what I think is) the popping of this global bubble. Unlike charts of BABA and BIDU which already look very oversold (I think they go lower but it's a more difficult risk/reward setup for medium term).

Here's QD with a big wedge that's ready to break down.

Double top 9.20 is a good, wide stop level.
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