Purchased the $FUTU $55 Call a little early and experienced a quick break down out of our bullish declining wedge (blue). Didn't go exactly as predicted but I held -70% loss at one point for a great play coming out at ~135% gain on initial investment by following my indicators and price action levels. (Blue & yellow) Can present itself to be a continuation play...
$FUTU seems like a Chinese eTrade from their website. Does anyone have any DD on $FUTU? looking to play a calendar spread: -1 JAN 15 $60c + FEB 19 $40c $FUTU had multiweek breakout. I've never tried calendar spread intentionally. #tradeidea
Interesting area for FUTU, decent R/R area. I just dont like that candle that formed today. Just watching for now. We will see.
This one has been pretty good to me and my subsribers us althought our first buy in was stopped out for a tiny loss but we were able to get in again and got some nice profits out of it. Now we're in a fourth wave so this could and probably will continue some more sideways if it stops at support. So, building longs slowly is the way to go imo but only if we see...
Another stock hitting the low range of the pitchfork, a bounce off 20 day would be nice too.