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.
UXIN
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 - open the gold mineLooking at previous breakouts and last one I think we are in the REAL uptrend now. I;ve entered all in at 1.44. Honestly in my opinion it may drop a bit, but..... the potential here is really high. It could reach 10 USD + this year in my humble opinion. Used cars in China are a niche. We may be the first to enter the market with great great potential and I see it as a growth stock at the time being. With the recent 300m investment and growth in used cars sales in Chine year by year I have a strong confirmation bias :D.
$UXIN A Good Risk/Reward Setup$UXIN looks set to keep climbing judging from the $2 support level and the trend line support at the $2.20 to $2.50 level. $UXIN has a history of explosive moves and $UXIN could be setting up for another explosive move higher.
About $UXIN
Uxin Limited, an investment holding company, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, standardized reports of car conditions financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions. The company also facilitates used car transaction services, and financing solutions offered by third-party financing partners to buyers for their used car purchases through Websites, xin.com and youxinpai.com. Uxin Limited was founded in 2011 and is headquartered in Beijing, China.
As always, trade with caution and use protective stops.
Good luck to all!
$UXIN Bullish Options Activity$UXIN Chinese used car e-commerce platform Uxin saw bullish unusual options activity today with about 5.5k $4.00 strike (deep ITM) Feb'19 calls traded for a total premium of about $3M against OI of under 1k.
Uxin recently announced that it had entered into a partnership with the world’s largest online marketplace Taobao (owned by Alibaba $BABA). The stock is approaching its all time high just under $10.50 after a 15%+ gain today. Expecting some resistance around the prior high then a turn back up to fresh highs by mid to late January.
Based on Fibonacci levels, next target after retaking $10.50 will be about $12.50
Note: Informational analysis, not investment advice.