1.20USD
330.39 MUSD
1.77 BUSD
168.75 M
About FinVolution Group
Sector
Industry
CEO
Tie Zheng Li
Website
Headquarters
Shanghai
Founded
2007
ISIN
US31810T1016
FIGI
BBG00HZ6P0P5
FinVolution Group is an online consumer finance platform in China connecting underserved individual borrowers with financial institutions. It developed technologies and accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data, and artificial intelligence. The company's platform empowered by proprietary cutting-edge technologies, features an automated loan transaction process, which enables superior user experience. The company was founded by Shao Feng Gu, Hong Hui Hu, Tie Zeng Li, and Jun Zhang in June 2007 and is headquartered in Shanghai, China.
US Stock In Play: $FINV (FinVolution Group)$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 ($12.91) in November 2017.
The breakout of its 52 weeks high at
FINV stage analysisstage 2 likely (stan weinstein):
- above Weekly MA 30
- checks out with CRS (outperforming S&P500)
- volume increase
- 2 year old resistance/support line at ~6$ broken
- momentum bullish candles
Fundamentals check out:
strong EV / EBITDA
strong cash flow
entering $9.50 long
lower average if $7.
Is FINV breaking out?This stock has steadily built a base off of the parabolic move in March, looks like it keeps testing downward resistance, is it finally breaking out? With some decent volume, it should test $9.78 soon
FINV - displaying strong support at 5.78 (Gap level)FINV retraced about 50% from it's major swing up before finding support around the 50% fib retracement level. There is also a horizontal support zone there 5.78 - 6.24, created from horizontal resistance turned support (apparent on wkly chart) and a large Gap up on 11 March (that is not being fille
FINV is looking longFINV has bounced off a strong support indicating some new highs. It may drop down to $4.30 so watch out for this, but this is still within the margin of pull back. Expectations for FINV is a +80% increase from current price. Stop loss $4.20.
Good luck.
$FINV Weekly inside bar, $FINV can be bought on a break over Fridays high with an add over the red line @ 7.16, looking for a short 3-5 day swing, Objective is to get stop to break even asap on a breakout and let this rip to Wed-Thurs, Friday latest.
Reasons for interest,
Weekly Inside Bar
Weekly 618 level accumulation
See all ideas
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