FUTU potential up?big up move, retract, retest? Could be a fake one, big move could only be caused by the big up move in china stock previously
FUTU/N trade ideas
FUTU"S REVERSAL The stock is expected to retrace into that fib levels then decisions willl be made after then
FUTU SELLLLLLLLLLLLLLLLLLLL+++++++++++++++++++++++92 RSI on daily and 81 RSI on weekly, lol FUTU is so overbought I laughed when I loaded RSI, AO, Bollinger Bands and other technical indicators I use $102.39 first target on this pile of sheet in time it should fill the $85 gap but not on this stent
$FUTU emerging from a down channel on monthly With higher lows after bouncing off the bottom, looks like it's emerging. To watch. Fundamentals need to improve first.
RiskMastery's Breakout Stocks - FUTU EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:FUTU ...
I believe this code is at a point of potential volatility.
If price can hold above $50.69 ... Bullish potential may be unlocked.
My key upside targets include:
- $56.92 (Conservative)
- $64.74 (Medium)
- $79.12 (Aggressive)
If however price falls below $43.60 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
FUTU: strong potential for 2024FUTU reached the upper zone of mid-term 52-45 support range and is trying to find a footing.
I like the gap-up with substantial volume today. Re-claiming the 50d moving average would be a constructive next step in shifting the odds of important bottom in place.
Otherwise, if 50.28 level will not hold, next support levels are: 49-45.
Suggested price structure is in-tact until price holds above 40.90 level.
Fundamentally solid with strong sales and earnings growth 4qrts in a row, high EPS growth estimates for 2023 and decent 2024, could be a perspective growth candidate to outperform the markets in 2024 (in favourable environment).
FUTU Holdings Limited Options Ahead of EarningsIf you haven`t bought FUTU`s dip here:
Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 64usd strike price Calls with
an expiration date of 2023-11-24,
for a premium of approximately $1.33.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
FUTU: A Leading China StockFundamentals :
This is not a super stock. Those are hard to find. I have only found two.
Futu is an online brokerage and wealth management platform. I visited this company in China. I went to experience the customer service. I was also able to meet some of the management team. The customer service is excellent and so is the management. Their concept in China bridges the gap between stocks in China, Hong Kong and the USA, so that more people will have access to markets in several countries.
Earnings coming out November 22. Earnings stability is not as stable as I want them to be. So, I cannot predict the outcome as usual. However, I will watch the earnings. I expect forward guidance to be positive. 53% growth in 2023 eps estimated. 2024 about 10% growth. Annual roe is 15%.
Note on Sponsorship: It is hard to tell if large institutions are buying the stock. From what I can tell, it seems neutral.
Technicals :
Weekly 5-0
Weekly break of cloud pullback
Volume increasing with the higher high break
Morning star
Kijun support and 61.8% fib supported.
Currently consolidating before earnings due on November 22nd.
Strong fundamental and technical China playI do like how some of the strongest plays in China are setting up for the perspective upside in Q4 and beyond.
Have a look at $NASDAQ:FUTU. High double and triple digits growths of earnings and sales four quarters in a row; strong and consistent ROE numbers; high eps growth estimates. Management owns 5% of the company. In conjunction with China government plans to stimulate the economy, most of the ingredients are there to support potential price advance of FUTU into Q4.
From the technical stand point, I may suggest several perspective:
1. My wave-analysis shows that a) the mid/long-term structure allows for substantial upside and b) price found important short-term support in 53 area and is now building the base before continuing advance towards next important resistance zones: 80-99.
2. Waves and fibonacci aside, notice how well the price creates a volatility contraction pattern on a weekly time-scale, with an evident accumulation signs and good weekly closes. That leads me to consider that sellers with selling volume are subsiding and buyers are ready to step in leading the price higher.
Overall there is quite substantial overhead supply from devastating 90% decline since 2021, strong fundamental and at least short to mid term technical stance make NASDAQ:FUTU a valid candidate for the buy list.
Trading thesis: if price manages to break-out above 67.5 with supportive volume confirmation, that shall be a buy signal. With tight 3-5-7% staggered stop loss. For cowboy type of traders, price moving above 64.10 could be a place to start opening the position with an intention of adding after 67.5 breach.
The short-term analysis is valid until price holds above Oct's low of 52.
FUTU Holdings Limited Options Ahead of EarningsIf you haven`t bought FUTU ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of FUTU Holdings Limited prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $5.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
FUTU is in a box, easy STOPLOSS positionFUTU in daily view, is clearly in a box. Earnings and sales are up. We could wait for entry, but stoploss position is clear under box.
FUTU - Up ChannelA nice Up Channel can be plotted on FUTU both a larger one and a smaller one
I have drawn a curved line that allows price to continue up while still being with the channel
This is a bullish situation
Price thoughts in white
$FUTU: Uptrend signal from oversold conditionsVery nice chart here, trend signal reversing the recent decline sets up a very low risk buy against support from recent earnings levels as well as a 25% speed line.
Best of luck!
Cheers,
Ivan Labrie.
Futu Forecast | Bearish OptimismThat looks mean and monstrous, doesn't it?
Futu looks as if she will pulse before falling, so I'm granting her some space to breathe up to the supply zone. She can drop quickly and unexpectedly too. I don't trade stocks for obvious reasons because of their gaps. But it's fun to analyse.
FUTU Stage 1 transition to Stage 2Alright 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.
FUTU - Breakout for Big Jump (150% Gain)Futu - a Chinese online brokerage & wealth management platform has finally broken its resistance of accumulation zone forming an ascending-triangle chart pattern.
This stock has tremendous potential. Let's know why:
1. Accumulation Completed
Futu entered accumulation stage (stage 1) somewhere in December 2021 following a steep fall inline with general market decline. Its growth was contained. But after a long accumulation period of about 1 year it has finally broken its accumulation zone with ascending triangle pattern, and has swiftly entered advanced stage (stage 2). One word of caution here: Buying volumes are not so high, but golden cross is imminent.
2. Earnings
Futu's revenues, which had slowed down in FY-2022, have again geared up with PQ growth of 11% in the recent quarter. Likewise, net income has grown 17%. These increases are not so high as they were in the previous years when Futu did mind-boggling growth, but mild gains are quite possible. Moreover, as it is a fast growing brokerage platform, its growth will resonate with the general market growth.
FUTU SELL +++FUTU yeah Fu too lol. Overbought on several technical indicators and approaching overhead resistance, new moon prints this week. A retracement to $46.59 in coming days and possibly test $42.98
FUTU Holdings Options Ahead Of EarningsLooking at the FUTU Holdings options chain, i would buy the $60 strike price Calls with
2022-10-21 expiration date for about
$2.11 premium.
Looking forward to read your opinion about it.
the 4th rejection is in ! longs trade with caution overbought RSI, local trend resistance and fresh rejection from strong resistance.
Very bearish signs on FUTU, watching for shorts below 41.08 and longs above 51.86
How to trade $FUTU for max profit todayHi traders, we have a trading idea we wanted to show you.
The idea is for the $ FUTU stock, the stock is currently in an 8% gap down following the publication of good first quarter financial statements.
In addition, the stock is breaking through the downtrend and is currently holding and trading above it. Our idea is to wait for the stock to build up as a bull flag pattern so that we can place our buy order with a target in the $ 41.8 area.
FUTU - Early to bottom early to Breakout?
Chart symmetry is hard to miss. building well in the demand zone with a big volume to back this move.
[*} With ER next week, I like this to ramp up quickly and possibly test 49 at the VMA.
Pullback and consolidation there above the current levels should ideally set this up for bigger move, but currently in stage-1, so likely to be volatile for a few months.
Should you buy Futu Holdings Ltd stock? 💰💥We are not surprised by the recent downward movement, as the company reported a record net loss in the first quarter, and the U.S. is tightening regulations on Asian companies, which does not help matters.💥
The company has not performed well in the last three months, so the stock has lost more than 20% since the beginning of the quarter, and investors are concerned that this is the first time the company has made a mistake and is looking at an even bigger drop
We disagree with investors, we think that despite the poor results and a rather bearish share price, Futu Holdings Limited will manage to recover faster than anyone thinks.
Here's why we think so:
✅ FUTU has high-quality earnings.
✅ FUTU has become profitable over the past 5 years, with earnings growth of 76.2% per year.
✅ FUTU's earnings growth over the past year (112%) has outpaced the capital markets sector by 62.5%.
✅ FUTU has more cash than total debt.
✅ FUTU's debt to equity ratio has fallen from 139.5% to 51.6% over the past five years.
✅ FUTU's debt is well covered by cash flow from operations (55.5%).
✅ FUTU's management team is seasoned and experienced (average tenure of 5.2 years).
✅ Shareholders have not experienced significant dilution in the past year.
