I read about Freedom Holding Corp in the recent Hindenburg Research paper.
It sounded quite alarming, but I was considering ignoring the report for an hour and focusing on my chart analysis.
Here's my analysis:
First of all, this stock appears to resemble one of those Pump & Dump scams. However, let's take a closer look at the chart facts:
THE...
Lets be clear, the market is not with us, so this is a pure idea, I will not be trading this
FRHC keeps winding up tighter and tighter... with the last one being 3.99%... its really sad the market is in a "correction" other wise id be all over this one ( with proper size and risk of course)
After decent gap up after earnings the stock gave a little back on light volume. Stock is currently in b/t the wing high AVWAP and the PEG AVWAP. It also appears that the stock has caught up to the KMA. Will be watching to see if it can hold the AVWAP and push past the ATH on higher volume.
Entry: $64.17
Stop: $62
Risk: 3.125%
$FRHC Nice setup. Looking for a retest of trend line for confirmation before entering. Recently given a PT of $76 from Sidoti & Company. Low float stock with currently a high relative volume. Maintaining volume is key here.
sidoti.com
Freedom Holding has had a monster 280%+ run over the last 12 months and has been taking a breather to consolidate its most recent gains. I've held for a while so am hoping for another bounce off support here. Hoping it will ricochet off the 50 day MA that's coming up to meet it as well.
12 Month View
FRHC is acquiring US broker to expand its business.
Bull flag to breakout with target of 52 to test key resistance with further potential retracement to 48 and consolidation around 50 till next earnings in Mar.
The unique feature of the company - access to IPOs
From the start of the rally in Nov, the stock is most likely flagging to more gentle trend (white) with re-positioning occurs this week around resistance levels R1 and R2 with further trend formation till end of Dec.
Freedom Holding Corp provides brokerage and financial services and has just been ticking along nice and steadily with quite low volatility. Up 150% from its March lows. It has had a small 7-8% pullback with the current market volatility so if it starts to recover and head back up it could be worth a look.
SUMMARY:
Depending on what Candle type you use, anybody that invested in $FRHC on or before November 12th should hold off on selling then wait at least 5 days for uptrend continuation.
SYNOPSIS:
Backtesting of this stock with a tight ATR(5:1) using a Heikin Ashu has a 75% accuracy rate with an average trads profit of 13.58%/signal shows that the current ATR...
FRHC has grown 175% from the March lows. A brokerage for Central Asia and Eastern Europe, its about to move from small-cap to mid-cap status. Good one to put on the watch list.
An entry right now would have a fairly tight 10d ATR (x2.7) stop of 8.45% and allow for a position size of R11.84.
Stop 27.91
Position Size R11.84
Paper correlates with the market.
It can be seen from the slow bullish movement that only one side supports liquidity in it.
You can't predict the market, you just have to watch it.
My analysis/assumption for that stock.
Please give your rating if you think this move makes sense.
First off, please don't take this seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my insights. Right now, FHRC is doing quite well as a retail brokerage following a bullish run from what I believe to be a bearish price correction due to the period we are in. This is remarkable given other...
