UXIN Longif our memory serves us correctly, UXIN was derived from a proprietary screen called "runner takes a breather." the screen in question looks to going, long on stocks that have experienced significant gains, after a reasonable pullback period.
UXIN has been range-bound since we entered the position. we believe the next earnings date could serve as the much-needed catalyst. the leeway involved has kept us long the stock.
we have done no fundamental work on this stock. thus, the catalyst is going to be a coin toss.
UXIN trade ideas
UXIN Limited Options Ahead Of EarningsLooking 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.
Potencial Reversal Weekly ChartPossible 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.
UXIN 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 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%
I entered last night at 0.73 $ beware of previous movements ... I AM EXPECTING A SQUEEZE OR A MULTIDAY RUN UP ...
Good trading everyone ....
P.S = in October we will celebrate the exit from the EURO as the salvation and destruction of the DEEP STATE ...
Uxin, by Elliott wavePrice 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
How know where the price is going?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.
Time for Fourth Quarter resultsThree 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 for fourth Quarter results on July 30, 2021.
Price target: 4.69$ fibonacci level: 0.236
Stop loss: 2.83$ fibonacci level: 0.618
P.S. Do your own search. I am not financial advisor.