QD Chart showing the IPO dip, then the dip on China Regulations. After that a strong trading channel was created. This is the time period when the institutions came into the positions that were reported out in Jan/Feb 2018.
As the reporting period came to a close the channel trading continued with a run up into the ER which broke out to the upside of the...
12-month consensus price target 20$ - exceptional growth potential and undervalued, but stock suffers from class action lawsuit in terms of unethical business allegations that has been commenced.
QD has been consolidating for a long time and tested the high $14 area several times already. The ascending triangle shows that the sentiment is more bullish than bearish. This has the chance to reach over $20 after ER. MACD has crossed the 0 line as well.
1. ER report +320% earnings growth (want played out)
2. Traders are scared of "data leak"+"regulation" will bring company down to zero. Thats why company lost 30% valuation on premarket. And got back to -3% in same day.
3. China wants to regulate "micro-loan industry". That was played out bearish, but it is actually bullish. China wants to BAN small and bad...
