LX - Strong move up - Undervalued stock
The bulls need follow-through buying. Fair value for the stock is around $22
LX trade ideas
LX- LEXINFINTECH HOLDING LTD. RESISTANCE WEEKLY TFLX- LexinFintech Holding Ltd. resistance on weekly time frame are on the chart
Main resistance are:
1 - 2.89
2 - 3.86
3 - 5.15
4 - 6.45
LX⬆ BULLISH
ROUNDING BOTTOM PATTERN
MktCap $796.5M
Price $5.90 (11.17.2021)
Price target $7.55/ 8.48.
Stop loss $5.31
IMO
LX long positionPretty easy to see what's going on here with the MacD bullish div and RSI bullish div on the 4hr. Easy to size up trade as well with SL and TP targeted, good luck. Let me know your thoughts down in the comments!
MY NAME IS HASSAN And i like to play with the market
Early change of trend on 15m tf or the 10m can't remember which tf exactly but i did seen it.
If you have doubts then go ahead and find it.
I aint going back to the charts for that bro
$LX - has a few things going for itGolden cross
Trying to finish cup
cinched MACD
Positive stochastic
Scalp $2/share would be my target
tight stop loss
LX this China support fintech looks to have its legs backLooking for a break with follow-thru here as well.
Amazing buying of the last few weeks to bring it all the way back up to here. The support on the stock looks to be back with markets looking to move higher.
This one definitely follows the trend.
LX HOLDINGSgood position for buy, I think the price will increase to level 0.382📈💰⬆️ Good luck. Leave your feedback in comments.
LX Technical Analysis 🧙 LexinFintech Holdings Ltd is an online consumer finance platform. The group is engaged primarily in online direct sales services and online consumer finance services for its customers in China. It offers online direct sales with installment payment terms and offers installment purchase loans and personal installment loans mainly through its retail and online consumer finance platform www.fenqile.com, and its mobile application to young adults between the age of 18 and 36 in the People's Republic of China. The company also finances the loans with proceeds from partnering peer-to-peer lending platforms, commercial banks, and other financial institutions. Geographically, it derives revenue from China.
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LING LONGTHIS BETTER NOT MOON WITHOUT ME
SO I AM GONNA TAKE SMALL RISK SET AND FORGET AT THE PURPLE LINE.
AND WILL TAKE FULL POSITION WITH LTF CONFIRMATION.
SET YOUR ALERTS.
LONG ON LX - Rewards will pay off !A stock that I've been adding to my portfolio. Keen to continue to load up as I see great potential in this one. Losing a lot of value over the past couple of months I predict that this Company might see stronger revenue and growth going into the next quarters.
Thanks for viewing ! This is not financial advice , please consider your own Due Diligence and Risk Management.
LEXINFINTECH jumps on earnings $lxEarnings Highlights
Fourth Quarter and Full Year 2019 Operational Highlights:
Total loan originations1 in the fourth quarter of 2019 reached RMB42.8 billion, an increase of 104% from RMB21.0 billion in the fourth quarter of 2018. Total loan originations in 2019 reached RMB126 billion, representing an increase of 90.6% from RMB66.1 billion in 2018.
Total outstanding principal balance of loans1 reached RMB60.6 billion as of December 31, 2019, representing an increase of 87.0% from RMB32.4 billion as of December 31, 2018.
Number of active users2 who used our loan products in 2019 reached 9.9 million, representing an increase of 101% from 4.9 million in 2018. Number of active users who used our loan products in the fourth quarter of 2019 reached 7.0 million, representing an increase of 133% from 3.0 million in the fourth quarter of 2018.
Number of new active users who used our loan products in 2019 was 6.6 million, representing an increase of 192% from 2.3 million in 2018. Number of new active users who used our loan products in the fourth quarter of 2019 was 2.1 million, representing an increase of 244% from 606 thousand in the fourth quarter of 2018.
The GMV3 of our e-commerce channel amounted to RMB2.4 billion, representing an increase of 40.5% from RMB1.7 billion in the fourth quarter of 2018. The GMV of our e-commerce channel in 2019 reached RMB8.1 billion, representing an increase of 38.7% from RMB5.8 billion.
The weighted average tenor of loans originated on our platform in the fourth quarter of 2019 was approximately 12.0 months. The weighted average APR4 was 26.8% for the fourth quarter of 2019.
Total number of registered users reached 73.3 million as of December 31, 2019, representing an increase of 96.5 % from 37.3 million as of December 31, 2018; and users with credit line reached 19.4 million as of December 31, 2019, up by 84.0% from 10.5 million as of December 31, 2018.
90 day+ delinquency ratio5 was 1.56% as of December 31, 2019.
Source Globalnewswire
Company profile
Lexinfintech Holdings Ltd. engages in the provision of online consumer finance platforms. Through its subsidiaries, it provides online direct sales with installment payment terms; installment purchase loans; and personal installment loans. Its services are offered though its online consumer finance platform, www.fenqile.com; and mobile application. The company was founded by Wen Jie Xiao and Qian Qiao on November 22, 2013 and is headquartered in Shenzhen, China.
Trade Journal: Long LX - 1/23/2020Yesterday, LX has a large upside spike making new all time highs following a rejection of the 20MA on the daily chart. Today, LX pulled back into a key level of support (Previous all time highs) and the 38.2% Fibonacci retracement level. I went long on this pull back after LX showed signs of strength intraday (Higher highs, higher lows).
Entry - 15.95
Stop loss - 15.50
Target 1 - 17.00
Target 2 - 18.25
Target 3 - 20.00
Long $LX - 1/8/2019I entered a long position in $LX based on some nice patterns I've been stalking for the past 2 days. $LX recently made a new 8 month high and pulled back into the 14.50 support area. For the past 3 days $LX has been consolidating right above this area of support with 3 inside candles in a row on the daily chart. On the 30m chart, $LX developed a coiled spring pattern which is indication of explosive volatility in the near future. Due to these multiple patterns stacking upon each other, I entered a long position at 14.97 after $LX held the 14.50 area a third time on the 30m chart. My stop loss is at 14.48 with a target at 17.
The overall macro conditions of the market at the time of the trade looked good. The Iran War fears were fading and $SPY was making new all time highs continuing the bullish trend. However, market conditions are still volatile and I will keep a close eye on macro conditions if early exits to protect capital are warranted.
Trend Analysis - Daily Interval - LXHello Successful Traders,
The stock (LX) appears to be trending upwards (bullish) in recent time. Considering the prevalent trend, however, the overall market velocity (monthly and weekly) represents a slightly altered approach. Await For Confirmation Prior to Market Entry
Resistance Level 2 - (14.45 - 14.85) 40 cent interval
Key Price Zone (KPZ) - (12.00 - 12.40) 40 cent interval
Support Level 1 - (9.15 - 945) 30 cent interval
Support Level 2 - (6.30 - 7.10) 40 cent interval
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Plan)***
-LionGate
Closed Above Trend line $LXLX closed above trendline at 10.30 after trading in a tight range for some time. Good volume on the breakout. This one is going to continue up.
