UXIN will go higher!This is not financial advice.
The latest news for the stock is big news! We are currently testing previous resistance and forming above it as support. I see us building on the gains from the previous week in the next 2 weeks. We could go higher too on more news!
TP and SL are on screen.
UXIN trade ideas
$Uxin Entry into a Binding Term Sheet with Potential InvestorsUxin Announces Entry into a Binding Term Sheet with Potential Investors
$UXIN, a leading nationwide online used car dealer in China, today announced that it has entered into a binding term sheet with two established Asian funds on April 1, 2021, pursuant to which the potential investors have agreed to negotiate and potentially enter into definitive agreements with the Company for the subscription of senior convertible preferred shares.
The potential transaction has an aggregate investment amount of potentially up to US$300 million. The completion of the potential transaction is subject to the parties’ execution of definitive agreements and customary closing conditions to be stipulated therein.
finance.yahoo.com
UXIN - what is going to happen? Uxin is fighting on the channel pretty long time. Today is the date of report earnings. What will happen?
Technicals look like any catalyst can push this at least to 1.50.. After that... who knows?
China economics is looking good while comparing to the rest of the world during the pandemic.
Electric cars are booming in China.
Uxin, as a used-car retailer, can have a huge gains on the market.
Let's see quartely reports.
For technicals I use here :
For looking for the support and resistance - Volume levels, Moving Averages,Tops and Lows.
For trend forecasting - MACD, RSI, MF, Divergance indicator.
For now:
I'm packing bags a little at 1.02
1st PT : 1:28
2nd PT : 1.42
3rd PT: 1.70
Further: who knows... wait for the top and sell then :D
Stop loss: 0.99
UXIN Breakout Stock Sell AlertBREAKOUT STOCK SELL ALERT
$UXIN - Uxin Limited - American Depositary Shares
Initial Alert Price: $1.11
Price High: $1.10
% Gains/Losses: -0.9%
(-31.63% Less Than Expected)
UXIN topped out at $1.36 (22% Gain) and showing signals of moving further down. We are currently closing this trade alert to protect loses moving forward.
#Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
UXIN Breakout Stock AlertBREAKOUT STOCK ALERT
$UXIN - Uxin Limited - American Depositary Shares
Initial Alert Price: $1.11
Potential Price: $1.45
Potential Gains: 30.63
Stop Loss Limit: $
Looking for a $1.45 Swing for a nice 25-30% Swing Trade on UXIN after the company announced that Haitaoche Limited has entered, through one of its subsidiaries, into a five-year vehicles supply contract with China National Vehicles Imp & Exp Co., Ltd. on January 11, 2021. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
UXIN Desc. Triangle/Inv. H&SUXIN is currently at the ideal buy point:
-Stock broke out of desc. triangle, has subsequently pulled back to downtrend resistance that has been turned to support, trendline was tested 4 times
-Support on top of downtrend is also the bottom of the right shoulder, right shoulder formation has been accompanied by increased volume
-Most recent trading day 6/19, stock reclaimed 5 day EMA, closing above it after rebounding off the downward trendline support
I'd feel confident buying it here against the trendline support of the desc. triangle. I like 1/2 position here and 1/2 position after clearing the 50 EMA.
UXIN Ltd profits rise 60%On September 30, 2019, the Company announced that it had entered into definitive agreements with Golden Pacer, a leading financial technology platform in China, to divest its loan facilitation related business, following the announcement made on July 12, 2019 that the Company entered into a binding term sheet with Golden Pacer relating to the divestiture. The transactions contemplated under the definitive agreements are subject to certain closing conditions and expected to close by the end of 2019. Pursuant to the agreements, Golden Pacer takes over the divested business starting from July 1, 2019. Discontinued operations related to the divestiture will be fully consolidated into and reflected on Golden Pacer’s income statement starting from the third quarter of 2019 to the closing date. Assets and liabilities related to the divested business prior to July 1, 2019 will be recorded as the assets and liabilities held for sale on the Company’s balance sheet until these assets and liabilities are transferred to Golden Pacer. The discussion below in this press release relates to the continuing operations only, unless indicated otherwise.
Third Quarter 2019 Operational Highlights
2C Transaction volume increased to 23,566 units in the third quarter of 2019, representing a year-over-year growth of 107.3%.
2B Transaction volume decreased to 30,658 units in the third quarter of 2019, representing a year-over-year decline of 66.6%, as a result of the Company’s continuing shift of strategic focus towards its 2C business.
2C GMV1 increased to RMB2,828 million in the third quarter of 2019, representing a year-over-year growth of 110.0%.
2B GMV decreased to RMB1,537 million in the third quarter of 2019, representing a year-over-year decline of 64.1%.
Third Quarter 2019 Financial Highlights
Total revenues were RMB461.4 million (US$65.2 million) in the third quarter of 2019, representing a year-over-year growth of 33.4%.
2C Revenue was RMB327.5 million (US$46.3 million) in the third quarter of 2019, representing a year-over-year growth of 246.9%.
2B Revenue was RMB71.7 million (US$10.1 million) in the third quarter of 2019, representing a year-over-year decline of 62.5%.
Gross profit was RMB254.8 million (US$36.0 million) in the third quarter of 2019, representing a year-over-year growth of 60.8%. Gross margin increased to 55.2% in the third quarter of 2019, compared to 45.8% in the same period last year.
Loss from continuing operations was RMB253.1 million (US$35.8 million) in the third quarter of 2019, a decrease from RMB489.8 million in the same period last year.
Non-GAAP adjusted loss from continuing operations was RMB254.3 million (US$36.0 million) in the third quarter of 2019, a decrease from RMB418.1 million in the same period last year.
Net loss from continuing operations was RMB267.2 million (US$37.8 million) in the third quarter of 2019, a decrease from RMB516.9 million in the same period last year.
Non-GAAP adjusted net loss from continuing operations was RMB268.4 million (US$37.9 million) in the third quarter of 2019, a decrease from RMB445.2 million in the same period last year. Non-GAAP adjusted net loss from continuing operations as a percentage of total revenues was 58.2% in the third quarter of 2019, a decrease from 128.7% in the same period last year.
$UXIN A Good Risk/Reward Setup$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 LIMITED - UXINProvided four days ago in the PRO Package!
Hi members!
The SMF strategy forecast indicates a setup on the following pairing;
Symbol Name : UXIN
Stock : UXIN LIMITED ADS EACH REP 3 CL A ORDSHS
Exchange : NASDAQ
Sector : Telecommunications Services
Insdustry : Integrated Telecomunications Services
Term : Short
SMF strategy would be to Buy :
Between : $2.66 - $2.78
SMF strategy would be to Sell at :
Short time:
Target 1 : $ 2.93 (6% Profit) ------ ACHIEVED
Target 2 : $ 3.10 (12% Profit)
Target 3 : $ 3.30 (19% Profit)
SMF strategy would be to set a stop loss at :
Stop Loss: $ 2.58
Trader Comments on the forcasted setup:
Pass the rising triangle by the top.
Proof :
UXIN Trend Analysis 5.3.19Based on long-term trendline, UXIN is in a downtrend
The most recent breakout above the trendline brought price action back to the reversion to the mean
May 3rd: In a consolidation pattern
May 6th: Wait for confirmation of up/down trend, follow price action
If breakout to the upside occurs, entry will be
If breakdown to the upside occurs, entry will be
Economic News this week: Unemployment | GDP (positive)
UXIN News: Short-seller allegations | U.S. - China trade deal
Patterns: Trendline | Flag | Consolidation | Pennant
It looks like the price action is getting pinched currently. I expect it to consolidate & move downwards before it catches steam and finds buyers again.
Potential Position Formulating - Daily Interval - UXINHello Successful Traders,
The stock (UXIN) manifests the plausibility of a price correction within the next few days (and weeks). Witnessing how current PA (Price Action) levels created a 52 - week - low on April (15 - 16th). (Await Confirmation Prior to Entering a Volatile Market).
Resistance Level 2 - (9.75 - 10.15) 40 cent interval
Resistance Level 1 - (6.95 - 7.35) 40 cent interval
Key Price Zone (KPZ) - (2.80 - 3.15) 35 cent interval
Support Level 1 - (1.20 - 1.55) 35 cent interval
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Trading Plan)***
- LionGate
UXIN - Swing playUXIN company - selling second hand cars in china
technology industry, 6 months in the stock exchange.
4 level is currently a level of resistance
worth examine entry over 4, also, the volume is Increasing.
if a breakout occurs, at least technically, the way is open to further increases