Valhavmaar

QFIN: Set up prime for a squeeze

Long
NASDAQ:QFIN   Qifu Technology, Inc
Using a blended candle approach, one can see that the sentiment for QFIN is setting up for a squeeze. The volume is contracting over the past month. Bollinger band is showing signs of a squeeze. ATR (14) is showing lowest volatility over the past 100 day period. The Blended candles offer summation of short term (20 day) and medium term (50 day) price action allowing for greater emphasis on underlying trends. Short term price action is bullish and medium term action is weakening bearish. Took a position today, If this does not make a huge move up in next 5-7 days, I will exit the position. A downside could happen but setting a trailing stop can cap the losses should the trade go other direction. Good luck!
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