Wycoff spring?Buyers could be stepping in at this level and resume the uptrend. This could be a premature entry at the moment this is posted, or you could wait for a better candle pattern to form and then pull the trigger.
FRHC trade ideas
FRHC - Freedom Holding Corp Topping.I read about Freedom Holding Corp in the recent Hindenburg Research paper.
It sounded quite alarming, but I was considering ignoring the report for an hour and focusing on my chart analysis.
Here's my analysis:
First of all, this stock appears to resemble one of those Pump & Dump scams. However, let's take a closer look at the chart facts:
THE FORK
...indicates that a climax might be imminent. The price has just reached the Upper-Medianline-Parallel, and the rejection is evident from the candle's wick as of today. It's important to note that this is a monthly chart, and we still have a few days to go!
ZERO TO FIVE COUNT
Even the 0-5 Count suggests a potential 5-High, implying that the peak might have been reached, and a reversal could be on the horizon.
DIVERGENCE DIVERGENCE
Yes, there are two divergences, and they are quite significant!
THE SHARK CANDLE
You might hear a whisper of "...come in, the water is fine" when observing the volume and upward movement in this month's candle. But be cautious – this whisper could be the sharks luring the guppies, only to devour them later. You could end up becoming a feast of "Fish & Chips" §8-)
By now, you probably understand my thoughts and potential plan. I'm leaning towards a short position, but I won't let greed cloud my judgment. This will just be another trade, even though the chart analysis is aligned with Hindenburg Research's findings.
I'll allocate my usual 1% - 2% of my stake for this trade. My aim is to make money, not to become a hero. I intend to continue profiting over the next 20 years (assuming I survive these tumultuous times).
Always remember that markets can remain irrational longer than you can remain solvent.
So, why not savor a good trade and find contentment in a piece of the pie?
§8-)
VCP on FRHC... Lets be clear, the market is not with us, so this is a pure idea, I will not be trading this
FRHC keeps winding up tighter and tighter... with the last one being 3.99%... its really sad the market is in a "correction" other wise id be all over this one ( with proper size and risk of course)
Expecting for ABC correction Buying target price 48 after expected correction.
Testing the Elliot wave theory
FRHC - Holding AVWAP (8/16/2021)After decent gap up after earnings the stock gave a little back on light volume. Stock is currently in b/t the wing high AVWAP and the PEG AVWAP. It also appears that the stock has caught up to the KMA. Will be watching to see if it can hold the AVWAP and push past the ATH on higher volume.
Entry: $64.17
Stop: $62
Risk: 3.125%
$FRHC Looking for trend retest. Low float & current high rel vol$FRHC Nice setup. Looking for a retest of trend line for confirmation before entering. Recently given a PT of $76 from Sidoti & Company. Low float stock with currently a high relative volume. Maintaining volume is key here.
sidoti.com
$FRHCEntry price: 56.32
Fundamentals:
- Sector: Finance - Brokerage
- EPS % Chg (Last Qtr): 700%
- EPS % Chg (Previous Qtr): 167%
- 3 Year EPS Growth Rate: 203%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 240%
- Sales % Chg (Previous Qtr): 111%
- 3-Year Sales Growth Rate: 71%
- Annual Pre -Tax Margin: 23.1%
BUY when break the 53$ levelWhen the chart will break the 53$ trend line we will be looking for a new target which is 60$
Looking for a bounce off support.Freedom Holding has had a monster 280%+ run over the last 12 months and has been taking a breather to consolidate its most recent gains. I've held for a while so am hoping for another bounce off support here. Hoping it will ricochet off the 50 day MA that's coming up to meet it as well.
12 Month View
$FRHC - breakout - 52 targetFRHC is acquiring US broker to expand its business.
Bull flag to breakout with target of 52 to test key resistance with further potential retracement to 48 and consolidation around 50 till next earnings in Mar.
The unique feature of the company - access to IPOs
$FRHC bull flag formationFrom the start of the rally in Nov, the stock is most likely flagging to more gentle trend (white) with re-positioning occurs this week around resistance levels R1 and R2 with further trend formation till end of Dec.
FRHC:NASDAQ - FREEDOM HOLDING - Steady low volatility gainer.Freedom Holding Corp provides brokerage and financial services and has just been ticking along nice and steadily with quite low volatility. Up 150% from its March lows. It has had a small 7-8% pullback with the current market volatility so if it starts to recover and head back up it could be worth a look.
FRHC Downtrend Possible SoonSUMMARY:
Depending on what Candle type you use, anybody that invested in $FRHC on or before November 12th should hold off on selling then wait at least 5 days for uptrend continuation.
SYNOPSIS:
Backtesting of this stock with a tight ATR(5:1) using a Heikin Ashu has a 75% accuracy rate with an average trads profit of 13.58%/signal shows that the current ATR sits at 32.21 and hasn't trigger a sell signal yet. Using a normal candlestick, accuracy increases to 80% but average profit drops to 8.73%
So in my option after using technicals extremely careful and only on charts that can produce highly accurate and profitable backtest based off recent to present day charts, it might be time to consider setting a Sell Stop at either 32.21 or 34.49.
FOR REFERENCE...
Current Buy Signal: 11/04/2020 - Present
365 Day Backtest from 11/26/2029 - PRESENT
Sharpie Ratio: 0.857 - 0.895
Win/Loss Ratio: 4.15 - 6.199
Average Win Profit: 8.73 - 13.58%
Max Drawdown: -2.1 to -2.19%
NOTE: Results likely only accurate due to FRHC's consistent uptrend a low volatility. Testing the same ATR from the day it started moving upwards to Present Day still shows between 68-78% accuracy depending on the candlestick.
FRHC grows 175% from March lowsFRHC has grown 175% from the March lows. A brokerage for Central Asia and Eastern Europe, its about to move from small-cap to mid-cap status. Good one to put on the watch list.
An entry right now would have a fairly tight 10d ATR (x2.7) stop of 8.45% and allow for a position size of R11.84.
Stop 27.91
Position Size R11.84
FRHC Technnical/Price action AnalysisPaper correlates with the market.
It can be seen from the slow bullish movement that only one side supports liquidity in it.
You can't predict the market, you just have to watch it.
My analysis/assumption for that stock.
Please give your rating if you think this move makes sense.
Wish I Discovered this Earlier: FHRC $23 ShortFirst off, please don't take this seriously or as financial advice. As always, this is on opinion based basis. That being said, let me get into a few of my insights. Right now, FHRC is doing quite well as a retail brokerage following a bullish run from what I believe to be a bearish price correction due to the period we are in. This is remarkable given other stocks retail related aren't doing as well. Overall, FHRC had a strong and stable price correlation in the market since IPO. I believe a $23 short target is quite reasonable extremely soon.
