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/N trade ideas
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.
good trendLet's analyze the trend first. Futu's closing price is now at the 15-minute GMMA support level. If it does not fall below 40.7, there is basically no major problem. If you really want to fall through, remember to take profit and stop loss, you are afraid of doing the M prefix. I hope that after falling to the support level late tonight, I will have the motivation to rise again tomorrow night
short today, long for buybackokay futu at the bottom, inverse h&s forming, fundamental news, buyback, and Q4 results, so bullish long term. TA squeeze 20% sort volume, insiders shy of 10% stock up 30% could retrace to 22-25% as a today rate hike, and JP to speak about the forecast. Also noticed with this news, the RSI is signaling a downward move, while stock is trending in opposite direction! My long-term outlook is $50+ just have to wait and see if it continues!
FUTU - tight range above all daily moving averages
Holding all moving averages on daily ++
Selling volume is lower than average ++
hasn't made new low since Dec 13 +++
Hasn't made new high since Jan 20 --
Overall weakness in chinese names -
Takeaway: once price moves over 50 on volume, this will push to 65 and higher. Patience for now.
FUTU path to previous ATHBased on weekly chart, FUTU has undergone a deep correction and current prices is well support as evident by the volume profile indicator. We now have a bull continuation signal on weekly timeframe. A possible zig-zag path to previous ATH in the next few months if trend continues. Vested. NAF DYOR
Potential Gap Fill- Reversed Head & Shoulder pattern formed
- Downward 12345ABC correction pattern finished
- Gap needs to be filled around 77.5 ~ 81.5 level
- wait for target #1 @ $51 to reach or break then correct along the newly formed upward channel to confirm bounce
* If confirmed, swing trade along the new upward channel, until $77.5 gap fills
* If falls down below 41.2, the idea becomes invalid.
An infinite drop or just a strong buying opportunity?Dear long term investor, welcome to this new FUTU NASDAQ: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.
Falling Wedge- BullishBig falling wedge on FUTU here along with bullish hidden divergence on the RSI, still a bit wary of the broader sector with all the FUD surrounding sector regarding SEC Chair Gensler's comments, nonetheless will certainly be watching for a breakout from this wedge. Additionally has a small gap on the upside to fill from $77.61 to $81.38- just some support and resistance levels to keep an eye on in the meantime along with some RSI-based supply and demand zones