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Yiren Digital Ltd.Yiren Digital Ltd.Yiren Digital Ltd.

Yiren Digital Ltd.

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YRD trade ideas

Backtesting RSI Breakout ---Review, Not a Trade idea---No advice given here. Purely a published educational review here. Publishing this so we can learn how RSI breakouts of the topside resistance line respond during an existing uptrend. This is something I have looked into in the past but would like to continue to review how equities respond to this kind of behavior. I will say that I generally look for "RSI resets" in order to buy breakouts like this. Comeback to this post in a few wees and we will discuss our findings in details
NYSE:YRD
by gumbtg
Proposition For Short-Term Long Position On $YRDThis last year YRD had 209M in revenue, 193M in profit, and 43.8M in net income. They currently have $0 debt, 308.5M in assest with 190M of that in capital. They sit at only a 10.8 P/E ratio and 3.3 P/R. $YRD is currently at a 4 week low and in the middle of it's 52 week spread. It has recently trended downwards in close relation to American/Chinese trade relations, but $YRD does almost all of its business in China. News has been silent and $YRD looks to be making a technical based climb. Entry Price: $22.10 Stop Loss: $21:70 Take Profit: $23.5
NYSE:YRD
by Sleipnir