Analyzing the options chain and the chart patterns of QFIN Qifu Technology prior to the earnings report this week,
I would consider purchasing the 15usd strike price in the money calls with
an expiration date of 2023-9-15,
for a premium of approximately $1.52.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Looking at the QFIN 360 DigiTech options chain ahead of earnings , I would buy the $22.5 strike price Calls with
2023-5-19 expiration date for about
$2.30 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
BULLISH
Fundamental
- Top industry group 88%
- Positive balance sheet
- Undervalued PE ratio
- Positive P/FCF ratio
- Funds are accumulating
Technical
- Broke out bearish structure
- Bearish Momentum Theory turned positive to bullish
- Price above 50MA
- Stage 1
Entry trigger : TBA
Using a blended candle approach, one can see that the sentiment for QFIN is setting up for a squeeze. The volume is contracting over the past month. Bollinger band is showing signs of a squeeze. ATR (14) is showing lowest volatility over the past 100 day period. The Blended candles offer summation of short term (20 day) and medium term (50 day) price action...
QFIN has started a journey to the new ATH after a massive predicted decline ! How it will play from now on? Lets follow the prediction.
Previous earning report stopped the declining move from ATH down to 16.01 low after a sharp ABC form of correction ( labeled wave (2)) around 0.786 Retracement of the completed cycle wave (1) . Today's earning report pushed it up...
Make tons of money by trading $QFIN a very strong fundamental finance tech company. It will make you over 20% in the next 2 months. Good trade before Expiration date!
QFIN cup and handle closed a candle above 22.01 on the 1hr chart. Looking for the move of the cup upwards, with a target of 26.25.
QFIN: 1hr chart broke and closed above 22.01
With a cup and handle pattern.
Target: 26.25
Stop loss: 19.80, just under 200MA and 100MA
R/R: 1.85
During the six months through June, 360 DigiTech's (QFIN:NASDAQ) net profit was CNY 1.548 billion, representing an increase of 76.6% year-on-year.
According to the performance report for Q2 2021:
- The revenue was CNY 4.002 billion (up 19.8%).
- The net profit was CNY 1.548 billion (up 76.6%) and the net profit margin was 38.7%.
- The net income of credit...
Hopefully repeating the uptrend like the last time the price closed on the 55 EMA
Stochastic is pretty low
RSI curling back up
MACD took a quick dip below the zero line which has me wondering.
Analyzing four small-cap opportunities appearing amid the regulatory storm.
360 DigiTech (QFIN:NASDAQ)
360 DigiTech is a tech-empowered digital platform. By using data-driven technology, it enables financial institutions to provide better and targeted products and services to a broader consumer base.
Unlike many of its peers, the company is a pure SaaS...
On August 19, Chinese online fintech platform 360 DigiTech released its 2021 Q2 earnings report. The earnings report showed that the company's revenue for the quarter was CNY 4 billion, up 19.8% year-over-year, and net profit was CNY 1.55 billion, up 76.6% year-over-year. 360 DigiTech shares rose 6.21% on that trading day.
Founded in July 2016, 360 DigiTech is a...
China's outstanding loan balance reached a fresh record of CNY 172.75 trillion in 2020 and keeps growing, spurred by the increasing digitalization and booming e-commerce market.
In China, 2020 was a milestone year for fintech. The year saw heightened regulatory scrutiny, intensified competition and business patterns were altered by the COVID-19 outbreak, both in...
China's outstanding loan balance reached a fresh record of CNY 172.75 trillion in 2020 and keeps growing, spurred by the increasing digitalization and booming e-commerce market.
In China, 2020 was a milestone year for fintech. The year saw heightened regulatory scrutiny, intensified competition and business patterns were altered by the COVID-19 outbreak, both in...
QFIN more than likely has completed a 5 wave motive rally and a high probability decline is on the way soon.
Motive 5 wave rally was started from 6.37 USD on Mar 18th 2020 and made a huge progress up to 45 USD terminated on June 17th 2021.
Price reacted well and beautifully to strong resistance at 45 USD consisting of 1.618 extension of wave 4 and 0.786 Fibo...
