TIGR UP Fintech Holding Limited Options Ahead of EarningsIf you haven`t bought TIGR before the previous earnings:
Now analyzing the options chain and the chart patterns of TIGR UP Fintech Holding Limited prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $0.72.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TIGR
TIGR | InformativeNASDAQ:TIGR
Trend and Key Levels:
Downtrend: The stock is in a long-term downtrend, indicated by the descending trendline.
Support Levels: $4.03 to $4.25
Resistance area: $4.91 to $5.01.
Candlestick and Volume Patterns:
Recent Activity: Mixed sentiment with the latest candle being bearish, suggesting potential selling pressure.
Volume: Fluctuates with spikes during significant price movements.
Current Position:
Bullish : Break above $4.91
Bearish : Drop below $4.03 could target $3.51.
TIGR UP Fintech Holding Options Ahead Of EarningsIf you haven`t bought TIGR here:
Then you should know that looking at the TIGR UP Fintech Holding options chain ahead of earnings , I would buy the $3 strike price at the money Calls with
2023-4-21 expiration date for about
$0.24 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
TIGR UP Fintech Holding Options Ahead Of EarningsTIGR is the Robinhood of Asia, i would say. HOOD has 22.8 million users as of March 2022, for a mk cap of 7.89Bil, while TIGR has 551Mil mk cap and customer accounts totaled 1.9 million. so from those metrics alone TIGR is undervalued. now if we look at financials, TIGR has positive earnings, while HOOD is still losing money with negative earnings of 3.69Bil last year. but being a Chinese company also weights in and that`s why people are afraid to invest in TIGR. overall, by the end of the year, i think it`s safe to assume that TIGR can touch $5.5 - $7 if China doesn't invade Taiwan.
Looking at the TIGR UP Fintech Holding options chain, i would buy the $5 strike price Calls with
2022-10-21 expiration date for about
$0.07 premium.
Looking forward to read your opinion about it.
BABA, a beautiful example of ANTI complete cycle !BABA is a beautiful example of ANTI complete cycle !
Many Elliott wave practitioners are not aware of different types of wave cycles ! They may consider themselves as a genius in a bull market ( As everyone else !! ) but suddenly thing change and they can not understand what is happening in a stock or market !
On the left side of the chart there is a schematic drawing showing an ascending complete cycle . In this well know wave cycle waves go up in 5 leg and go down in 3 legs. Correction will never go below the start of wave cycle in this type ( does it go in some other types? of course goes ) !!.
Many investors and traders were hoping for this cycle ( and may be were not aware of alternatives ) in BABA, opened long position at the possible end of wave 4 at related retracement levels and now have lost huge amount of money !!!
An ascending ANTI complete cycle is shown on the right side of the chart. In this cycle waves go up in 3 legs and go down in 5 legs and correction will never go below the start of the wave cycle. Does BABA play like this wave cycle? So far yes.
Is there any other alternative ? Of course yes ! please note we have many other types of wave cycle and we just showed two of them here !. For example, we have neutral or descending antic cycles ( for example of descending anti cycle see my related idea about BROS stock ).
It is worth to note many Chinese stocks like TIGR and XPEV showed anti cycles and this is not a surprise as BABA is leading Chinese stocks in the market.
Things sound complicated? Yes they are ! but we can extract many useful tips among all these complications :
1. Overconfidence is dangerous ! always set stop loss . Things may change suddenly in a way that we did not predict.
2. Be mindful there are many types of wave cycles . Things are not as simple as they may seem at first look.
3. Do not jump blindly into a long position after apparent up going 1 2 3 form of wave !
4. Retracement more than 50 % in what we consider a wave 4 is a dangerous warning.
We can add many other implications to the list by thinking deeply about different types of wave cycles. Hope this publication to be helpful.
Good luck every one !
TIGR - Is the Selloff Finally Over?NASDAQ:TIGR Breakout imminent along with a double bottom bullish pattern on a strong support level.
Current candle has broken out of downtrend but the next candle that follows is key to get confirmation of this breakout.
Longs can choose to enter once next candle respects the new resistance-turned-support.
Conservative longs can choose to enter once price pulls back and retests new support for a better RR ratio.
Regardless, longs are in for a highly attractive RR if we get confirmation and breakout holds as we move to higher levels.
Nearest resistance level is that of the previous double top levels (~$7.54).
Would advise to exit or take profit on trade before earnings.
New "Rocket" trend expectations!Support and Ressistance:
TIGR have made test of strong support line at $12-13.
However didn't break it and going up to the ressistance line at $18-19.
It seems new upcoming trend appeared and new potential are oppening for $29-30 until the end of November begging of December.
MACD:
Indicators below zero line during July - August.
It showing undersell status and potential of turn up trend.
Summary:
If no any fundumental news will be appeared I'm expecting 3 steps target $18-19, $24-25, $29-30!
TIGR: Will the support hold? Requested by veeteeeTiger brokerage is a up & coming brokerage firm. They seem to be pretty aggressive in their acquisition recently.
The run at the beginning of this year has definitely fueled lots of buying interest. However, price is now back at a strong support of $14-15.50 range.
The question is will it hold? The recent clamped down by the Chinese government mounts unnecessary pressure of potential growth companies. So we will have to thread very carefully with all Chinese companies. Nonetheless, I'm leaning towards the bullish side on most Chinese stocks. (I had reviewed FXI - China Large-Cap ETFs suggesting that bullishness is expected in the upcoming weeks.)
I'd like to see a reversal candle pattern on the Daily chart before buying. For now, I'll stay aside.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
🟢 $TIGR Target 28.12 for 35% (Risk Level - MED)🟢 $TIGR Target 28.12 for 35% (Risk Level - MED)
Or double position at 15.41
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
TIGR more uptrend to come?Since 13 May 2021, Tiger price enjoyed a nice swing up to reach $29.95 on 15 June before a deep retracement. It has since moving in a range between $22 and $30.
Last Friday (25 June) in hourly chart, there seems to be some rejection around $28.80. However, as long as the price is able to sustain above $26, the up trend is still intact. If able to break above $30, next target is likely $34 area then re-challenge all time high at $38.50.
The nearest support would be $22 or $20.
NEW POSITION $TIGR Target 29.99 for 32.11% $TIGR Target 30.01 for 32.11%
Or double position at 15.43
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
TIGR BUY/LONG BIG POTENTIAL INCOMING 7.60 to 41.30TICKER CODE: TIGR
Company Name: UP Fintech Holding Limited
Industry: Financial | Capital Markets | China
Position Proposed: BUY
Technical Analysis
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 Price Range
and also Trendline Resistance Level
5. 2nd Take Profit Level maybe a Head & Shoulders (NO FULL DATA ON 1st Shoulder)
Buy Entry: NOT READY (7.60-9.50)
1st Partial Take Profit: 41.30 (November-End 2021) - Note that I would consider Full Take Profit Here
2nd Partial Take Profit: 62.00 (Mid 2022) - Note that we might not reach this Take Profit
Stop Loss: 5.00