nice balance sheet, strong fundamentally and technically,Jiayin Group's significant insider ownership suggests inherent interests in company's expansion
JFIN trade ideas
$JFIN can rise in the next daysContextual immersion trading strategy idea.
Jiayin Group Inc. operates as an online individual finance marketplace that connects individual investors and individual borrowers in China.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $14,64;
stop-loss — $7,61.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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$JFIN appear to be rising on news or speculation regarding NFTsShares of $JFIN appear to be rising on news or speculation regarding NFTs. For those of you that don't know, NFTs are digital files such as art, video, audio, and other files stored on blockchain, which is the digital ledger technology that powers cryptocurrencies like Bitcoin. Some NFTs have already sold for millions of dollars.
Jiayin appear to be linked to speculation that the company may eventually jump into the NFT space.
Jiayin is an online individual loan marketplace that seeks to reach underserved customers in China. However, recent buzz on Twitter has people saying the company could potentially get into the NFT space, although there is no real news pointing to that right now.
The hype and potential around NFT is certainly at an all-time high and eerily reminiscent of when cryptocurrencies, which are also powered by blockchain, first gained mass popularity several years ago.
I would advise caution on anything related to NFTs. While they certainly have taken off in recent months, we are still in very days where the market for these assets will likely remain extremely volatile for quite some time.
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JFIN: Bullish Pennant (70%)Bullish Pennant (70%)
Pros:
Volume during post formation
Descending volume during triangle formation
PPS above 50MA and 200MA
RS above 0 and ascending
ATR Ascending
R/R ratio above 5
Cons:
250RSI below 50 but ascending
200MA flat
Target:
PT = 14.22$
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Always do your own due dilligence. This is not financial advice
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$JFIN beautiful weekly chart breakout, squeeze candidate.The chart is primed for a spike. Of course, the stock may have a slower rise finishing cup formation but at any moment it may squeeze hard.
Jiayin Group, Inc. On breakout Alert Jiayin Group, Inc. engages in online individual finance marketplace in China connecting individual investors and individual borrowers. The company was founded by Dinggui Yan and is headquartered in Shanghai, China.
Want to make over 700% returns in 1 day ?That is what some traders take home two days ago when the share price jumped more than
700% profits.
Again, look at the pattern, it is a descending wedge pattern which is a bullish sign. What I learnt is the price starts to stabilise in mid March as you can see it found a strong support at 1.58 for over 3 months.
The yellow line shows you a bullish candle break out of this trend line and it shoots out explosively of the wedge pattern and rocket up to nearly 30 dollars before it tumbles down to current price of 5.80.
Going to the smaller time frame of 1H, you would see that one can take profits on 11 Jun 0130 hours when there is a bearish engulfing candle. Failure to do that, it would evaporates the paper profits you have initially.
I'm looking for $10+ on this. I'm looking to see $10 plus on this. Stop below previous lows. This thing can shoot up on no news at all. The only way to make money is to be in at the bottom and wait patiently. When the ANT IPO starts this things is going to get all sorts of interest since it's same sector. We will not have direct access to ANT IPO so people will look to find action on other nasdaq listed Chinese finance companies. When it starts to pump again, you probably will miss the boat entirely if not already in as the pumps only last a few hours. You can notice some MFI divergence on daily as well. The float is small. This will fly.
Look at the structure on that. $8-$16 implicationsAs this moves to the tip of the wedge and 50 crosses 200 on daily. This is a screaming buy
JFINJFIN = SPIKE ON RECOVER ... TIME TO RECOVER from 3,5$ to TP1 8$ TP2 10$ TP3 15$...STAY TUNED only CHINA low float produce 500% in short time....
Glad I didn't get this, Looks Fishy!First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, JFIN has one of the biggest jumps and declines I ever seen analyzing stocks. I seen pump/dumps and exit scams before not rise and crash as much as this stock. Now, I am not trying to say they are a scam or point fingers, but something looks very fishy. All of the sudden they have a dramatic volume increase and everybody starts panicking right after? Seems like if what I think could be happening actually happened, a potential delisting is on their way. Shorten this if you don't like gambling, because either way this is blatantly high risk of an investment for an obvious charting pattern reason.
$JFIN $WINS $WEI $JRJC Blatant scheme$JFIN $WINS $WEI $JRJC
What do they have in common?
- Chinese
- Finance
- Facing domestic regulation uncertainties on P2P lending
Looks like coordinated Chinese Finance/P2P lending pump and dump EXIT scheme. These companies may all be delisted soon.
This is so blatant.
JFIN - SHORT | 3/24/2020 Weakness in breakout into resistance
Dying volume and overbought
Evening star entry
Short term position
~20%
