It is certainly very difficult to see the silver lining and the cause for the spike on Fridays trading, it has seemingly been one negative after another for XRF in recent months with regulatory issues intensifying and the inability to
file its annual accounts on time, leaving the company in breach of listing compliance with the NYSE. Is there something positive on the cards that resulted in the buying pressure on Friday or is it just a dead cat bounce from extreme oversold conditions. Keep on watch for break above $.43 for good RR long entry.
ONLY COVERED BY 1 ANALYST WITH A $2 TARGET AND HOLD RECOMMENDATION
COMPANY PROFILE
China Rapid Finance Ltd. is an online consumer finance marketplace, which engages in the provision of investment management solutions and financial advisory services. Its products and services include consumer and life loans.
file its annual accounts on time, leaving the company in breach of listing compliance with the NYSE. Is there something positive on the cards that resulted in the buying pressure on Friday or is it just a dead cat bounce from extreme oversold conditions. Keep on watch for break above $.43 for good RR long entry.
ONLY COVERED BY 1 ANALYST WITH A $2 TARGET AND HOLD RECOMMENDATION
COMPANY PROFILE
China Rapid Finance Ltd. is an online consumer finance marketplace, which engages in the provision of investment management solutions and financial advisory services. Its products and services include consumer and life loans.