Watch QD fly once it breaks out of $15QD has been consolidating for a long time and tested the high $14 area several times already. The ascending triangle shows that the sentiment is more bullish than bearish. This has the chance to reach over $20 after ER. MACD has crossed the 0 line as well.Longby worldsapart890
QD - Chinese Microloan Unicorn. +100% upside potential1. ER report +320% earnings growth (want played out) 2. Traders are scared of "data leak"+"regulation" will bring company down to zero. Thats why company lost 30% valuation on premarket. And got back to -3% in same day. 3. China wants to regulate "micro-loan industry". That was played out bearish, but it is actually bullish. China wants to BAN small and bad companies - competitors of QD. Means more profits for QD in future. 4. No serious risks in China Crysis in near term future (look at Tencent earnings report), economics might actually boost from here and now. This will eventually end up 30+. When? don't know, but i think here is the bottom.by KholleKhokkUpdated 444