QFIN – Oversold Levels Could Trigger a Technical Rebound

Qifu Technology (QFIN) experienced a sharp sell-off, bringing the stock down to $35, which aligns with a key support zone near $34.70. The heavy selling volume suggests capitulation, and historically, such moves are often followed by short-term technical rebounds.

From a technical standpoint:
• The stock is now trading well below major moving averages, indicating an oversold condition.
• MACD and RSI are deeply negative, which could attract buyers looking for a mean reversion bounce.
• Support is holding near $34.70, making it a potential entry zone for a rebound.

Trade Idea:
• Entry: Around $35
• Target 1: $39.00
• Target 2: $41.20
• Stop Loss: $34.00

If the stock maintains support this week, we could see a recovery toward the $39–$41 range as sellers exhaust and buyers step in.