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FUTU HOLDINGS LIMITED

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FUTU/N trade ideas

FUTU sitting on the bounce zone.FUTU has been beat down horribly after reporting above averages earnings. It is close to completing a full compound correction and is coming into trendline and fib support. It has massive range so if any good new comes out of China tomorrow this could explode higher. Best case scenario is that the sell off was due to the Archegos liquidation and not something fundamental like getting delisted from the US exchange. A gap down tomorrow into the lower part of the green box would offer an excellent risk to reward entry.
NASDAQ:FUTULong
by WadeYendall
6
$FUTU - I like this StockI have been shorting FUTU for the past week and I have to say that the relative strength on this stock is very strong. FUTU follows QQQ but in a more volatile and delayed way. This is great to know if you're scalping because if you see QQQ make a move down it takes a couple minutes for FUTU to follow. But also beware that FUTU bounces on support very hard. This is like Chinese Robinhood I heard not too sure but they ran up 300% in less than three months. This tells me as fast as they went up the faster they will fall. Especially with the overall market in the middle of a major correction. I have a PT of $112. If you see my QQQ chart you can see my PT for QQQ is around the same area as FUTU as they have similar movements. I cannot wait to be bullish on this stock because they will recover back to the $200 and even higher after new PT upgrades. Play the trend!
NASDAQ:FUTUShort
by DarthTrador
1
Futu HIgh Tight FlagHigh tight flag chart pattern forms when a stock rises over 90% (preferably 100%) or more in two months, then consolidates sideways for 15-25 days with a decline of no more than 25%. When there's a breakout of the sideways 'flag' on high volume , the powerful uptrend often resumes. The entry point is either as the stock breaks the high of the flag or breaks a downtrend line - but only ever on higher than average volume. Negative is the erratic nature of the flag, would prefer to see more orderly action in the sideways consolidation. Positive is the declining volume in the flag and close adherence to the short term moving averages. Looking for an entry on a break above the dotted line but only on a day with higher than average volume.
NASDAQ:FUTULong
by Andy-Brittain
FUTU parabolic move coming to an end or moon?$Futu... very aggressive moving stock here, Chinese holding company that has gone parabolic, watching to see a continuation to retest ATH or a hard drop! Not a good long term stock imo, very volatile and only recommend going in this for short term swing or day trade. Expensive premiums and high IV on contracts, choppy movement or flat movement after hours will kill your premiums and contracts will lose value quick. *side note* I have been busy with work and school and still have some personal things to handle this coming month but will be dropping some charts and affordable plays later. As of now the market looks bloody as we rotate to different sectors each week. Set watchlist by sectors and see where the money is going. Lots of strong company names (aapl, tdoc, sq, tsla) on sale and are at a great spot to add them to long term portfolios. It is safe to stay away from short term swings as there is lots of market uncertainty due to stimulus, memes, inflation, etc. Don't get burned trying to catch the bottom, sacrifice a little profit and wait for clear signs of reversal. Don't know signs of reversal? well now is your time to do some research on TA, FA, Market psychology and more. I will also be uploading more educational videos covering that as soon as I can!
NASDAQ:FUTU
by jUiCE_Trades
4
$FUTU - fill the gap; patienceBuy area would be around $134, in my opinion. There is a massive sweep worth over $1.2M for FUTU at $160 on March 19. I cannot see them wanting to pay out the March 19 sweep and so it may be held down under the $160 mark (which is the strike for which the sweep was made). If you enter around the gap fill ($134) it seems to be an area that is much safer. The MM's want to give the $160 strike price holders hope, but not actually pay them out; and so my thesis of getting in around $134 (if possible) and riding up to $160 area (the area of hope) may work. There are a couple scenarios that could play out here: 1. There are 12 large sweeps/blocks/split calls that expire today. Half of the call mega-buys are over $185 strike, so they will not pay out and the call issuers will be keeping that premium should the stock be held down below $185+ whatever premium they paid (which is unknown). 2. The $185 strike was a block of calls purchased on Feb 8 2021 and then on Feb 10 2021 a sweep for $220 strike ($1.8 million in premium) was purchased. So maybe someone knows this is going to turn parabolic today? Let's see which way it goes
NASDAQ:FUTULong
by katblat
1
FUTU - China's 'Robinhood'.Happy New Year guys! Here's a stock pick that will give you a thick red packet come 2021. FUTU; The Robinhood of China, has recently broke out of a short-term downtrend. This can be a long-term play or a short-term play depending on how you see it. FUTU is a long-term hold because of the increasingly affluent Chinese population. The Covid-19 crisis catalyzed an increase in retail investors globally this year and FUTU has become the platform of choice for many Chinese investors as of late. Additionally, with Hong Kong becoming a hotspot for more Chinese IPOs, I would only expect more Chinese/Hong Kong customers joining FUTU's trading platform to get a piece of the new hot stocks (past IPOs include Mingyuan Cloud, Nongfu Spring etc...). We can see this from FUTU's Total paying clients: at 115,000 (Q3 Earnings Report) - representing a 137% increase y-o-y. Additionally, their client retention rate is > 98% for the seventh straight quarter and their earnings grew by >500% y-o-y. Really impressive. FUTU also represents a short-term swing with its recent break of a short-term downtrend, technical indicators are also looking to turn bullish as well!
NASDAQ:FUTULong
by cletibals