An infinite drop or just a strong buying opportunity?
Dear long term investor, welcome to this new FUTU 
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 guess the market in the short term, but with an industry where the only limit is the customer, we're pretty bullish in the long term on the company's future.
But feel free to do your own research, this is just an analysis, this scenario may not come true.
This is not an investment advice.
Here are the scenarios I can share with you:
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 guess the market in the short term, but with an industry where the only limit is the customer, we're pretty bullish in the long term on the company's future.
But feel free to do your own research, this is just an analysis, this scenario may not come true.
This is not an investment advice.
Here are the scenarios I can share with you:
- A possibility of a drop to 28.7, followed by a recovery to 77.79 gradually.
- A possibility of breaking 28.7 until landing at 17.6, see the evolution thereafter.
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