Trade Setup
Qudian Inc. engages in the operation of online platforms to provide small consumer credit products in the People’s Republic of China. The company offers cash credit products; and merchandise credit products to finance borrowers’ direct purchase of merchandise offered on its marketplace on an installment basis. In addition, it operates a platform for loan recommendations and referral services to third-party financial service providers.
Stocks found in the category TradersPro New Uptrend are low priced stocks priced between .20 and $7, with at least 50k shares of average shares trading per day. The stocks are starting new uptrends and have buy signals. These are high reward to risk stocks with the potential for very sharp moves. A stop should be maintained at the low of the most recent hold signal day. Target prices for exits can be determined by using the next level of resistance higher or by using Fibonacci resistance levels found using TradersPro. Trailing stops or letting the stock run until the next sell signal is also a sell strategy.
