Uxin is fighting on the channel pretty long time. Today is the date of report earnings. What will happen? Technicals look like any catalyst can push this at least to 1.50.. After that... who knows?
China economics is looking good while comparing to the rest of the world during the pandemic. Electric cars are booming in China. Uxin, as a used-car retailer, can have a huge gains on the market. Let's see quartely reports.
For technicals I use here : For looking for the support and resistance - Volume levels, Moving Averages,Tops and Lows. For trend forecasting - MACD, RSI, MF, Divergance indicator.
For now: I'm packing bags a little at 1.02
1st PT : 1:28 2nd PT : 1.42 3rd PT: 1.70 Further: who knows... wait for the top and sell then :D
Stop loss: 0.99
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is it going to touch the 3PT today? Already 50% gain
nicely done! Think will go higher next days based on some rumored near-future capital infusion of ~$300 milions
MateuszZakrzewski
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@raps0du, almost half of the company is hold by the chinese government so... it's possible.
Also the whole Used Car Market in China is being created from scratch. This one can be huge.