The unexpected outbreak of COVID-19 took countless people away from regular outdoor life activities. While staying locked down at home, people nonetheless kept busy – for some, this meant investing more in stocks. Under these circumstances and with governments' expansionary policies, some Internet securities brokers, like UP Fintech, realized significant...
TICKER CODE: TIGR
Company Name: UP Fintech Holding Limited
Industry: Financial | Capital Markets | China
Position Proposed: BUY
1. Large Falling Wedge (Forming)
2. Large Head & Shoulders
3. Fibonacci Retracement (Potentially) to reach 0.786 ( Silver Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) at the length of Flagpole...
The price action here looks great, the way the candled closed the day within 10% of the candles high reflects little to no bears in this market. $TIGR was in a bearish trend until earnings came out, the stock has made new higher lows since, which usually suggest a trend reversal.To help support my thesis we'll look at the indicators postures; RSI is at 55 and is...
UP Fintech Holding Limited is an online brokerage firm focusing on global Chinese investors. The company provides a mobile and online trading platform which enables investors to trade in equities and other financial instruments on multiple exchanges. It offers customers comprehensive brokerage and value-added services, including trade order placement and...
This stock looks like it could break either way depending on the broader market. It has a high positive correlation to the IWM so I will be watching to see how IWM holds up to determine which way I want to go with this.
I'd like to see it break the .23 fibonacci level to take it long for a swing up the fibonacci scale with a final target of 38.50.
Broke out of descending wedge a few days ago with good volume as indicated on the chart. There is strong support at 16.69 level where price tested it a few times but bounced back up.
Furthermore 9EMA is about to cross 21EMA anytime soon, which is another bullish indicator.
$TIGR is currently on two pattern indicators. Macro it appears to be heading towards the top of a downward channel. This would appear bullish and a break of the channel could lead to the start of a Wave 3/5 the largest wave. Alternatively there is a bear flag forming on the hourly. The downward trend of the last two months could have a 5th leg and I would project...
UP Fintech Holding Ltd. is a brokerage firm, which engages in the provision of online brokerage services. The company was founded by Tian Hua Wu in 2014 and is headquartered in Chaoyang District, China.