Lexinfintech Holdings Ltd

In a Stage 4 decline marked by successive lower highs and lower lows, LX remains below all major EMAs and any rally into the declining 9EMA/20EMA zone is met with rejection. With no sign of structural stabilization or mean-reversion eligibility, the medium-term tradable side is bearish and timing favors engaging on rallies back toward the moving-average resistance. Execution should be on rejection at the 9EMA/20EMA area, targeting continuation of the downtrend.

• ↑Total loan volume reached RMB57.9 bn (+15.9% QoQ, +12.2% YoY).
• ↑Revenue grew 8.7% sequentially to RMB3.3 bn; net income steady at RMB201 m.
• ↓Net profit declined 5.9% QoQ to RMB201 m, underscoring weak profitability.