Looking at the UXIN Limited options chain ahead of earnings , i would buy the $2 strike price Puts with 2023-8-18 expiration date for about $0.57 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.
Possible inverse head and shoulders. SP has been consolidating since hight volume bounce off low 6 months ago. High volume neck line break could co-inside with SEC and Chinese holding foreign companies accountable act agreement. Then possible reversal, we shall see how it plays out.
Looks like a good spot to start accumulating. Small position since this is calling a bottom. Huge R/R though so we will see.
UXIN = $UXIN rose 21.21%. On July 7, 17 departments including the Ministry of Commerce issued a document requesting to speed up the activation of the used car market. As the first Chinese listed second-hand car stock, Uxin’s stock price has already begun to rise. On July 5 and July 6, U.S. time, the cumulative increase in two trading days exceeded 40% $ UXIN rose...
Uxin just made breakout from falling wedge. RSI oversold area was almost touched. Maybe the sharp correction is over.
Price bounced off support line and formed bullish hammer candle pattern. Price touched the ending diagonal last E point. Short interest 1,91%; days to cover 2.5; I think it is a good entry point. We can wait, when the price will form HH for safe entry. Stop loss: candle below support line
We have 200 ema support. 0,618 good level to bounce off. But I am afraid of RSI scenario.
We should be better guided by an older and more reliable RSI trendline if we find one (along with the price trendline, parallel channel, or other price models we have. In this case we have main price trendline and the yellow channel), than the price trendline and other price patterns alone, without RSI trendline.
Position: long Enter: green candle above main trendline 3,15$ Stop loss: candle below the main trendline 2,95$ First target: falling broadening wedge upper line 3,45$
Uxin is ready to break out from descending broadening wedge. Question to which side. We have RSI trendline resistance, but strong price trendline up support.
have this on my watch for reversal and possible continuation of upward trend
Three month ago, April 22, 2021, Uxin limited, a leading online used car dealer in China, unnounced about strategic partnership with JD.com; April 28, 2021 reported Third Quarter financial results. The stock price rised six times. June 15, 2021, after agreements with NIO, Uxin announced financing transaction US$ 315 million. Share price dumped 50%. Now is time...
please dont forget to like and follow if you enjoy my ideas :) we can enter here with tight stop if the new support holds, goodluck <3
Primary Target (short term): Bullish Flag (59%) PT = 4.81$ Secondary Target (Long term): Ascending Triangle, confirmed (77%) PT = 3.50$