PP3 trade ideas
US Stock In Play: $FINV (FinVolution Group)$FINV broke out of a consolidated major moving averages whipsaw before the start of the month, attaining a +29.44% rally in a span of 3 weeks. The current closing price of $FINV at $10 is a new 3 years high, 29% away from its IPO high ($12.91) in November 2017.
The breakout of its 52 weeks high at $10.38 will setup a pathway for $FINV garner stronger momentum and participation towards its next target at $12.91.
$FINV an investment holding company, operates an online consumer finance marketplace in the People’s Republic of China. It operates a fintech platform that connects underserved individual borrowers with financial institutions. The company’s platform provides standard and other loan products. As of December 31, 2020, it had approximately 116.1 million cumulative registered users.
FINV stage analysisstage 2 likely (stan weinstein):
- above Weekly MA 30
- checks out with CRS (outperforming S&P500)
- volume increase
- 2 year old resistance/support line at ~6$ broken
- momentum bullish candles
Fundamentals check out:
strong EV / EBITDA
strong cash flow
entering $9.50 long
lower average if $7.80 is retested
Is FINV breaking out?This stock has steadily built a base off of the parabolic move in March, looks like it keeps testing downward resistance, is it finally breaking out? With some decent volume, it should test $9.78 soon
FINV - displaying strong support at 5.78 (Gap level)FINV retraced about 50% from it's major swing up before finding support around the 50% fib retracement level. There is also a horizontal support zone there 5.78 - 6.24, created from horizontal resistance turned support (apparent on wkly chart) and a large Gap up on 11 March (that is not being filled during this recent plunge)
Note that as a $6+ stock, it is a speculative play. I am interested to stake between 6.50 to 6.85) with a stop loss at 5.75. Let's see how it turns out.
Disclaimer: TA is about improving our odds of a successful trade, but there is no guarantee. This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to let me have your comments! :)
FINV is looking longFINV has bounced off a strong support indicating some new highs. It may drop down to $4.30 so watch out for this, but this is still within the margin of pull back. Expectations for FINV is a +80% increase from current price. Stop loss $4.20.
Good luck.
$FINV Weekly inside bar, $FINV can be bought on a break over Fridays high with an add over the red line @ 7.16, looking for a short 3-5 day swing, Objective is to get stop to break even asap on a breakout and let this rip to Wed-Thurs, Friday latest.
Reasons for interest,
Weekly Inside Bar
Weekly 618 level accumulation
Pin Bar on Day Ma
Building Higher lows, getting tight (triangle)
Great risk reward due to flag structure
FINV Good growth and looking like a Chinese Lending ClubFINV - Basically a Chinese Lending Club
I’ve been very skeptical to go into a Chinese stock but they have put a lot of effort in putting their information out there.
Leadership shows connections with Microsoft and other US Companies. CEO obtained a Graduate Degree from VMI and was Senior Director at Capital One
They have a full earnings presentation. They have technologies to handle credit risk assessment, fraud detection, big data collection, and AI. It seems as though the technology is pretty robust and clients are able to get a loan decision immediately while the algorithm keeps the risk very low for the company.
Balance sheet shows 2.27B
Current price ~ $6.90 sitting on solid VP shelf
Market Cap - 1.308B
2020 Rev - 1.10B
4th qtr revenue increase of 50.3% YoY
Annual Net Revenue increase of 26.8% from 2019
4th qtr Net Profit increase of 20.6% YoY
Repeat Borrower Rate went from 81.2% in 4th qtr 2019 to 84.3% in 4th qtr 2020
Annual rate was 88.2% in 2020 vs 78.1% in 2019
Delinquency rates were all below 1% in December of 2020 with highest time frame being 0.55% compared to most years being over 1%
Board confirmed 3rd consecutive Dividend.
Looking for this to be a long play after taking some profits on the next run-up.
$FINV can rise in the next daysContextual immersion trading strategy idea.
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 — $5,96.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
FINV - are we going up or down?Hi guys! My first idea ever. FINV after earnings: are we going up or down? What do you think? Write me to the comments. THX!
FINV: Bullish Pennant (69%)Bullish Pennant (69%)
Pros:
Volume during post formation
Descending volume during triangle formation
PPS above 50MA and 200MA
RS above 0 and ascending
ATR Ascending
R/R ratio above 5
250RSI above 50 and ascending
200MA ascending
Target:
PT = 13.83$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your own due dilligence. This is not financial advice
Stay Humble, have fun, make money!
Education:
www.dailyfx.com
FinVolution offers strong potentialI recently added FinVolution NYSE:FINV to my portfolio.
I wish I discovered this stock earlier, because in my opinion this stock has huge price potential. It is currently my largest holding in my portfolio.
The company is a Chinese fintech company with a historical revenue CAGR of around 20%.
The current P/E ratio is around 8/9, which makes this stock a bargain given it's expected revenue/earnings growth.
FINV: Bullish PennantBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 12, high
250RSI above 50
Cons:
200MA flat
Target:
PT = 13.23$
Thank you to those who donate Coins!
Stay Humble, have fun, make money!
FINV Bullish I like the MACD cross and big green candle that broke thru the descending trendline and closed well above the 50% fib level. I think it will retest the 61% level (2.44) and rally to prior highs. Long over $2.44
FINV Next Stop $2.5 Before MoonThis company's fundamentals are solid - they are literally the best of all the companies listed on TradingView, and they are active in big data and artificial intelligence. Long-term, I expect this stock to reach it's IPO price. I will be buying shares and calls.
P/E 2.3
P/B 0.48
Dividend Yield 4.88%
Debt-to-equity 0.03
Net Margin 27.23%
$FINV poised to break higherFINV looks like it might have the juice to break the green price level. If not, I doubt it will pull back to the red support of the triangle. I feel that more than likely it will pull back to the yellow price level before heading higher. 76 M float.
