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US Stock In Play: $FINV (FinVolution Group)

Long
NYSE:FINV   FinVolution Group
$FINV broke out of a consolidated major moving averages whipsaw before the start of the month, attaining a +29.44% rally in a span of 3 weeks. The current closing price of $FINV at $10 is a new 3 years high, 29% away from its IPO high ($12.91) in November 2017.

The breakout of its 52 weeks high at $10.38 will setup a pathway for $FINV garner stronger momentum and participation towards its next target at $12.91.

$FINV an investment holding company, operates an online consumer finance marketplace in the People’s Republic of China. It operates a fintech platform that connects underserved individual borrowers with financial institutions. The company’s platform provides standard and other loan products. As of December 31, 2020, it had approximately 116.1 million cumulative registered users.

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