China stock Qudian is extremely undervalued at about 2.5 P/E, and today it got a roughly 25% earnings forecast upgrade for both 2019 and 2020. Earnings are expected to grow over the next two years. Really this is one of the best value propositions I've seen in quite a while. Hopefully the stock will hold above $5 so that hedge funds can legally invest in it. If so, then the stock could see a strong recovery this year.
Note
Possible bounce level. I have added shares here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.