Awaiting next breakout12-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 trade ideas
QD - Chinese Microloan Unicorn. +100% upside potential1. 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 companies - competitors of QD. Means more profits for QD in future.
4. No serious risks in China Crysis in near term future (look at Tencent earnings report), economics might actually boost from here and now.
This will eventually end up 30+. When? don't know, but i think here is the bottom.
