First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, JFIN has one of the biggest jumps and declines I ever seen analyzing stocks. I seen pump/dumps and exit scams before not rise and crash as much as this stock. Now, I am not trying to say they are a scam or point fingers, but...
That is what some traders take home two days ago when the share price jumped more than
Again, look at the pattern, it is a descending wedge pattern which is a bullish sign. What I learnt is the price starts to stabilise in mid March as you can see it found a strong support at 1.58 for over 3 months.
The yellow line shows you a bullish candle...
$JFIN $WINS $WEI $JRJC
What do they have in common?
- Facing domestic regulation uncertainties on P2P lending
Looks like coordinated Chinese Finance/P2P lending pump and dump EXIT scheme. These companies may all be delisted soon.
This is so blatant.
Jiayin Group, Inc. engages in online individual finance marketplace in China connecting individual investors and individual borrowers. The company was founded by Dinggui Yan and is headquartered in Shanghai, China.