Contextual immersion trading strategy idea.
Jiayin Group Inc. operates as an online individual finance marketplace that connects individual investors and individual borrowers in 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...
Shares of $JFIN appear to be rising on news or speculation regarding NFTs. For those of you that don't know, NFTs are digital files such as art, video, audio, and other files stored on blockchain, which is the digital ledger technology that powers cryptocurrencies like Bitcoin. Some NFTs have already sold for millions of dollars.
Jiayin appear to be linked to...
Bullish Pennant (70%)
Pros:
Volume during post formation
Descending volume during triangle formation
PPS above 50MA and 200MA
RS above 0 and ascending
ATR Ascending
R/R ratio above 5
Cons:
250RSI below 50 but ascending
200MA flat
Target:
PT = 14.22$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your own due...
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.
That is what some traders take home two days ago when the share price jumped more than
700% profits.
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...
I'm looking to see $10 plus on this. Stop below previous lows. This thing can shoot up on no news at all. The only way to make money is to be in at the bottom and wait patiently. When the ANT IPO starts this things is going to get all sorts of interest since it's same sector. We will not have direct access to ANT IPO so people will look to find action on...
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...
$JFIN $WINS $WEI $JRJC
What do they have in common?
- Chinese
- Finance
- 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.
