QFIN – Oversold Levels Could Trigger a Technical Rebound
Qifu Technology (QFIN) experienced a sharp sell-off, bringing the stock down to $35, which aligns with a key support zone near $34.70. The heavy selling volume suggests capitulation, and historically, such moves are often followed by short-term technical rebounds.
From a technical standpoint:
• The stock is now trading well below major moving averages, indicating an oversold condition.
• MACD and RSI are deeply negative, which could attract buyers looking for a mean reversion bounce.
• Support is holding near $34.70, making it a potential entry zone for a rebound.
Trade Idea:
• Entry: Around $35
• Target 1: $39.00
• Target 2: $41.20
• Stop Loss: $34.00
If the stock maintains support this week, we could see a recovery toward the $39–$41 range as sellers exhaust and buyers step in.
From a technical standpoint:
• The stock is now trading well below major moving averages, indicating an oversold condition.
• MACD and RSI are deeply negative, which could attract buyers looking for a mean reversion bounce.
• Support is holding near $34.70, making it a potential entry zone for a rebound.
Trade Idea:
• Entry: Around $35
• Target 1: $39.00
• Target 2: $41.20
• Stop Loss: $34.00
If the stock maintains support this week, we could see a recovery toward the $39–$41 range as sellers exhaust and buyers step in.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.