Chart symmetry is hard to miss. building well in the demand zone with a big volume to back this move.
[*} With ER next week, I like this to ramp up quickly and possibly test 49 at the VMA.
Pullback and consolidation there above the current levels should ideally set this up for bigger move, but currently in stage-1, so likely to be volatile for a few months.
💥We are not surprised by the recent downward movement, as the company reported a record net loss in the first quarter, and the U.S. is tightening regulations on Asian companies, which does not help matters.💥
The company has not performed well in the last three months, so the stock has lost more than 20% since the beginning of the quarter, and investors are...
Let's analyze the trend first. Futu's closing price is now at the 15-minute GMMA support level. If it does not fall below 40.7, there is basically no major problem. If you really want to fall through, remember to take profit and stop loss, you are afraid of doing the M prefix. I hope that after falling to the support level late tonight, I will have the motivation...
My plan idea: Goes to mid 34 then a slight bounce to 36 to create a head & shoulder pattern, with that confirmation I wouldn't be as reluctant to go further bearish with a price target of $25. On the flip side if it breaks $40 my stop would be hovering at around 40.50
okay futu at the bottom, inverse h&s forming, fundamental news, buyback, and Q4 results, so bullish long term. TA squeeze 20% sort volume, insiders shy of 10% stock up 30% could retrace to 22-25% as a today rate hike, and JP to speak about the forecast. Also noticed with this news, the RSI is signaling a downward move, while stock is trending in opposite...
This is a pattern i've seen time and time again from stocks that are failing. They get massively shorted and have some short squeeze like "pumps" to then fade into irrelevacy. I've opened a short yesterday at 43.17
Holding all moving averages on daily ++
Selling volume is lower than average ++
hasn't made new low since Dec 13 +++
Hasn't made new high since Jan 20 --
Overall weakness in chinese names -
Takeaway: once price moves over 50 on volume, this will push to 65 and higher. Patience for now.
Nibbled on FUTU shares, as it appears to have bottomed. This stock can MOVE and I like the R/R here . Will continue to add as idea confirms... tight stop loss in this market is essential.
Based on weekly chart, FUTU has undergone a deep correction and current prices is well support as evident by the volume profile indicator. We now have a bull continuation signal on weekly timeframe. A possible zig-zag path to previous ATH in the next few months if trend continues. Vested. NAF DYOR
- Reversed Head & Shoulder pattern formed
- Downward 12345ABC correction pattern finished
- Gap needs to be filled around 77.5 ~ 81.5 level
- wait for target #1 @ $51 to reach or break then correct along the newly formed upward channel to confirm bounce
* If confirmed, swing trade along the new upward channel, until $77.5 gap fills
* If falls down below 41.2, the...
NASDAQ:FUTU
- price came back to the keylevel W1
- zoom to D1 time frame, we got 2 bottom pattern with piercing candle
=> with two confirmation , execute BUY order
Dear long term investor, welcome to this new FUTU NASDAQ:FUTU analysis.
From an analytical point of view, a large majority of the indicators point to a sharp decline even if the RSI will break the oversold level, but the market sentiment is rather positive, which could herald a rise after a decline to 28.7 or 17.6, depending on the news to come.
It's hard to...
