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.
Looking 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...
The blue primary line will be support or resistance? See after the report today.
UXIN has formed a bear flag, this may lead to potential further downsides.. A short term bounce may be observed within the flag but this will most probably break down.
$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...
$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...