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FinVolution Group
Company Overview: FinVolution Group (NYSE: FINV), formerly PPDAI GROUP INC, is a China-based company mainly engaged in operating an online consumer finance platform. The Company’s products and services include loan services offered to borrowers, investment services offered to individual investors and institutional funding partners.
As per our previous US Daily Report published on ‘FINV’ on 05th December 2023, Kalkine provided a ‘Buy’ stance on the stock at USD 4.48 based on “price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis” and the stock price has now moved by ~13.84% since then and the price has achieved resistance 1 and close to resistance 2 level.
Noted below are the details of support and resistance levels provided in our previous report:
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Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.
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