FUTU Stage 1 transition to Stage 2
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 analysis suggests 200 DMA has not inclined upwards yet because of which I am still biased for stage 1, it can turn to Stage 2 thereafter.
if Buy the dip concept still exists then that applies to FUTU, Any dip is an opportunity to enter.
This is my opinion, do your DD.
#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 analysis suggests 200 DMA has not inclined upwards yet because of which I am still biased for stage 1, it can turn to Stage 2 thereafter.
if Buy the dip concept still exists then that applies to FUTU, Any dip is an opportunity to enter.
This is my opinion, do your DD.
Note
slow and steady uptrend
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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.