QD trade ideas
QUDIAN INC - NYSE: $QD Buyers Becoming More Aggressive?After recapturing its 200 DMA back in April, QUDIAN INC - NYSE:QD continues to grind its way into higher ground in a slow methodical manner as we can observe from the Daily chart above. While further work is required, we're taking note that Buyers may becoming more aggressive as the stock continues to make higher lows and mild higher highs.
Furthermore, QD presently finds itself trading above all of its important moving averages 20/50/200 DMA's and remains in fine technical shape.
Additionally, when one extends out on both the Weekly and Monthly time-frames, we can also see that QD continues to display favorable technical characteristics. Thus, we have a stock trading in a favorable light across multiple time-frames, which is indicative of a favorable trend, which remains higher.
Moving forward, both investors/traders may want to continue to monitor the action closely and in particular, should QD be capable of clearing the $8.51 hurdle at any time in the days/weeks ahead, such development, should it occur, would likely signal/trigger its next meaningful advance with and objective in the $10 -$12 zone.
Long financial scam QDHeard from a reputable source that this company has improving fundamentals and a smart business model. Fact that its PE is on the low side tells me that there's room to go. Downside is the ongoing trade war which might accelerate the selloff in Chinese equities despite strong fundamentals.
QD - MORNING PANIC @ 5.48Will be watching this for a morning panic lately those stocks gapping on a red candle have been bouncing really well like FTFT, PHAS, AVGR
Will only be playing if this has a morning panic will be watching the bounce of previous support like 5.64, 5.48, this stock has a history of not holding its gaps so will also be mindful that in the past this has not bounced well .. not the greatest play here weak day range however will be watching