Watch for the break above the 50 day moving average of the Nasdaq, QFIN has formed a double bottom and is looking for continuation onto the upside!
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Congrats to those who have held on till today. QFIN announced superb earnings and is insanely undervalued with a P/E of 6. Looks like its breaking out, will see how it trades in the next few days!
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I have a TP of $65 based on an industry average P/E of 15 times.
Stay long because QFIN is a bargain; but of course, don't hesitate to sell some shares to rebalance and reduce risk exposure.
Stay long because QFIN is a bargain; but of course, don't hesitate to sell some shares to rebalance and reduce risk exposure.