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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.