Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:FUTU ...
I believe this code is at a point of potential volatility.
If price can hold above $50.69 ... Bullish potential may be unlocked.
My key upside targets include:
- $56.92 (Conservative)
- $64.74 (Medium)
- $79.12...
FUTU reached the upper zone of mid-term 52-45 support range and is trying to find a footing.
I like the gap-up with substantial volume today. Re-claiming the 50d moving average would be a constructive next step in shifting the odds of important bottom in place.
Otherwise, if 50.28 level will not hold, next support levels are: 49-45.
Suggested price...
If you haven`t bought FUTU`s dip here:
Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 64usd strike price Calls with
an expiration date of 2023-11-24,
for a premium of approximately $1.33.
If these options prove to be profitable prior to the earnings release, I would...
Fundamentals :
This is not a super stock. Those are hard to find. I have only found two.
Futu is an online brokerage and wealth management platform. I visited this company in China. I went to experience the customer service. I was also able to meet some of the management team. The customer service is excellent and so is the management. Their concept in China...
I do like how some of the strongest plays in China are setting up for the perspective upside in Q4 and beyond.
Have a look at $NASDAQ:FUTU. High double and triple digits growths of earnings and sales four quarters in a row; strong and consistent ROE numbers; high eps growth estimates. Management owns 5% of the company. In conjunction with China government plans...
If you haven`t bought FUTU ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of FUTU Holdings Limited prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $5.20.
If these options prove to be profitable prior to the...
A nice Up Channel can be plotted on FUTU both a larger one and a smaller one
I have drawn a curved line that allows price to continue up while still being with the channel
This is a bullish situation
Price thoughts in white
Very nice chart here, trend signal reversing the recent decline sets up a very low risk buy against support from recent earnings levels as well as a 25% speed line.
Best of luck!
Cheers,
Ivan Labrie.
That looks mean and monstrous, doesn't it?
Futu looks as if she will pulse before falling, so I'm granting her some space to breathe up to the supply zone. She can drop quickly and unexpectedly too. I don't trade stocks for obvious reasons because of their gaps. But it's fun to analyse.
Alright people if I have to explain the chart then I have not presented correctly
#1 All time high to all time low, 50 was a big level. Somehow it survived and now above 50. March 2022 low was 20 to now almost 60.
#2 Parallel channel suggests the trend has not reversed yet however June high is broken so there is a huge potential it can go upto 80.
#3 Stage...
Futu - a Chinese online brokerage & wealth management platform has finally broken its resistance of accumulation zone forming an ascending-triangle chart pattern.
This stock has tremendous potential. Let's know why:
1. Accumulation Completed
Futu entered accumulation stage (stage 1) somewhere in December 2021 following a steep fall inline with general market...
FUTU yeah Fu too lol. Overbought on several technical indicators and approaching overhead resistance, new moon prints this week. A retracement to $46.59 in coming days and possibly test $42.98
Looking at the FUTU Holdings options chain, i would buy the $60 strike price Calls with
2022-10-21 expiration date for about
$2.11 premium.
Looking forward to read your opinion about it.
overbought RSI, local trend resistance and fresh rejection from strong resistance.
Very bearish signs on FUTU, watching for shorts below 41.08 and longs above 51.86
