Short this junkYou can see the AVWAP, tells you when price gets back up to 5 everyone will want to get out
HKD trade ideas
TO THE MOON!I would not be on the sidelines thinking about taking a position! Take a position! I would be really worried about being naked short this stock! The level of stimulus is a t record level, China ETF investments are at record levels. This stock can very easily open over $10 a share..taking the stock into the $300 range! We need news, volume..a short squeeze.
LOAD UP! I’m loading up! I’m backing the truck up ..buying this profitable company that is in the business of digital assets architecture & framework .. not just the production of crappy Chinese movies JK I hear they make really good movies….
I’m buying…. The Chinese are injecting a shit ton Yuan into their economy stimulating a bull market for the next decade! Both Administrations need to be very very careful so that everyone can play in that big sandbox..even though China debased…corn is corn and crude is crude..Bullion..
Anyway, AMTD is primed for a massive squeeeeeeeeeeeeze! I really believe in my heart of Hearst that we see the old highs…. I can’t sleep working 18-20 hrs a day.. trading different markets..
I BUY!
Strong BuyTechnical breakout with volume...Historically this stock has exploded to the moon..lol I hate when people use that..TO THE MOOOOOON!
Why is this going to the moon , what is the catalyst? The balance sheet is flushed with cash 140M but also has meaningful debt at 160M ..Cash flow from the operations is positive but the return on investments is killing the balance sheet!
Will AMTD Digital, in a world full of digital assets explode to $2500 once again?
ill take $1000 a share...please
NFA
$HKD Share Sale Stuns the MarketChinese stocks have been trending following China’s decision to cut stock trading taxes by 50%. One of the Chinese stocks that are worth watching over the coming weeks is AMTD Digital Inc. (NYSE: HKD) as it may soar substantially. In addition to China’s tax cut, the company recently witnessed a major catalyst in its agreement with its parent company AMTD IDEA Group (NYSE: AMTD) where the company will sell 193 thousand shares for $100 million. This agreement values HKD shares at $520 per share which is extremely promising for the company since AMTD appears to value it at more than $520. Considering the timing of the news, HKD stock may see a strong buying activity which could lead its PPS to increase substantially over the coming weeks.
HKD Fundamentals
On August 28th, HKD and AMTD jointly announced that both of their boards approved the sale of $100 million worth of class B ordinary shares priced at $520 for total proceeds of $100 million. Taking into consideration that the company’s ADR represents .4 of a full share, the deal means that HKD stock would be worth around $208 per ADR – significantly more than its current trading price of $6.11. This means that AMTD believes the stock should be worth more than $208 which is a promising sign that major news could be released.
That said, investors seeking to capitalize on this deal need not worry about dilution due to the fact that the deal has a 5-year lock-up agreement. This means that the shares issued due to this deal will not enter the market for another 5 years at least indicating that the stock may not witness strong selling pressure anytime soon.
The timing of this deal could not be less than perfect as it coincided with China’s decision to cut stock trading taxes by 50% to boost its stock market. According to analysts, China’s decision is likely to result in a boost to Chinese stocks in the short term as more investors would be inclined to invest in the stock market. Considering the company’s latest catalyst, HKD stock may witness a major wave of buyers which could help its PPS increase – making it one to watch closely over the coming weeks.
HKD Financials
According to the company’s 2023 annual report, its assets grew YoY from $410.5 million to $661.6 million due to the increase in its cash balance from $14.3 million to $152.9 million. This increase in cash is a result of the company generating $229.2 million from share issuances and its IPO last year. As for liabilities, the company reported an increase from $15 million to $140.5 million due to increases in bank borrowings and an amount due to a non-controlling shareholder.
When it comes to revenue, HKD experienced a YoY increase from $25.2 million to $33 million due to revenue from non-financial services increasing from $23 million to $28 million. On the other hand, its expenses increased from $14.8 million to $20 million mainly due to depreciation and amortization, as well as financing costs. As a result of the company’s drastically improved revenue and $15.3 million in changes regarding fair value, the company’s net income increased from $25.8 million to $40.1 million.
Technical Analysis
HKD stock is in a neutral trend with the stock trading in a sideways channel between $6.08, and $6.58. Looking at the indicators, the stock is currently trading below the 200 and 21 MAs which is a bearish sign, while trading above the 50 MA which is a bullish sign. Meanwhile, the RSI is neutral at 49 and the MACD is also neutral.
As for the fundamentals, HKD’s recent share sale to AMTD is a major catalyst since it prices its American shares at $208. At the same time, China’s decision to cut stock trading tax by 50% is also a catalyst since it may entice more investors to buy shares of Chinese companies. With the stock trading near support, investors could find the current PPS a good entry point ahead of a potential run in the coming weeks.
HKD Forecast
With several events playing in its favor, HKD stock may end up soaring in the coming weeks. First and foremost, China’s decision to cut stock trading taxes is a major catalyst for Chinese stocks as they may see strong buying activity. In addition, the recent deal with AMTD to sell its shares for $208 per American share could see the stock soaring given its current PPS near $6. For these reasons, HKD stock is one to watch closely over the coming weeks.
HKD pump incoming?Based on previous pumps in HKD this might be possible. As likely as the plug power idea. But I decided to share it with you cuz why not. If it happens, my ego can feel happy about this post. If it, oh well.
HKD is forming a bullish rounded bottomNYSE:HKD is forming a rounded bottom. That is considered Bullish and a big sign of reversal 🔥
Targets in chart 📈
HKD I’m always watching this thing so I can at some point find something on it. So far on 4 hour I’m seeing a fallinfnwedge idea. With a breakout. Stops have to be below 10.09. Risking 16 Pennie’s. Don’t have to go heavy but im in on 60 shares at 10.18 stoploss 10.07. This is my idea. Monster reistance in a pop is 11.46 and 11.65. Anything above 12 could potentially really get moving to 14 and ultimately 16s
I placed some fibs making the channel harder to see a breakout of as if we do rip this move move fast. We need to see our fib extensions and the fib reistances on the way up
No gaurentee this does anything at all. Just a simple idea
HKD | Great Swing Trade | BounceAMTD Digital Inc., through its subsidiaries, designs and develops a digital platform to provide financial, media, content and marketing, and investment solutions in Asia. It operates through three segments: SpiderNet Ecosystem Solutions, Digital Financial Services, and Corporate. The company offers digital banking and insurance technology platforms for consumers and small and medium-sized enterprises; and SpiderNet ecosystem, a platform to enhance their investor communication, investor relations, and corporate communication to enhance their valuation. Its platform monitors portfolio companies, such as tracking of business and technology development, competitive landscape, latest technological trends, risk exposure, and financial analysis. The company was incorporated in 2019 and is based in Central, Hong Kong. AMTD Digital Inc. is a subsidiary of AMTD IDEA Group.
what goes up must come down ;) 🥶I am not sure who's buying shares on something up 1000%+ in days, but i hope they secure gains! in my opinion we will dump back to 1478-942-430 in the near future. goodluck! drop a boost and follow for more :)
Waiting for another crimenot even gana bother TAing this. the bet here is this scam pumps hard asf randomly. only put a few k into this what ever you dont mind losing obviously. GL bois.
HKD upside down chart This could be risky but it’s also an obvious level. Stops below 10.25. Long 10.32 -10.35 area
This could open at 0 so that has to be a thing to consider Howver as long as this contiues a potential of a lower high double top look on the upside down chart, could this free fall to the upside?!? This is upside down so a free fall down would be going up if we flipped it.
The chart is ugly but it’s a money stock when it runs. Bears have been trying to short it to 0 and doing a great job. Howver is there steam running out ? Not sure but I’m taking this risk here as the stock market could be toppin I have noticed some strange trends between the HKD rallys on stock market tops. Is it a coincidence? Mabey but this is my trade and my idea. I’d give it a day or 2 to set up or keep stops tight. Good luck I hope we can make money. Keep eyes on 11$ and 14$ as those would be HUGE reistances
Also downside there is still a 9.46 low below where buyers could be sitting so we have to keep that idea as well.
HKD Huge move
Off
The lows. Came
Back in and now has been potentially putting in a W pattern with a higher low on the 15 min. Let’s see
Some
Support above 11.93 but this could see a big push back towards 14- or another higher high from this 14$ high today at 16$. HKD seems to like to move opposite of the markets. Every time spy rejects a top HKD seems to be rippin. As markets have rejected this could be time for HKD to run. This is speculation that it has any inverse play to the markets. I’m in with stops below 11.25. If we break 11.25s the. My idea will be junked
HKDHIGH RISK STOCK ALERT
This is my idea, it’s been a falling knife, but so far off the 13.17 low, we got a bounce. Where did we reject? The first box of reistance at 16$ which held up price for a bit before next lef down. First goal would be to break 16$ and confirm support.
For now I’m watching that level but looking at smaller time frames there was a smaller channel sideways range from low 13.16-14$ even. Mabey we will backtest 14$ and if we can bounce off that looking for another test of 16. If we can reclaim 16$ , the next box reistance for me is 17.70- 18.60. 18.60 is where we wicked to before buying all the way back to the key support for me in general.
The key support for me which now can be HUGE REISTANCE is 21.20-21.70 zone .
Before this dip to 13$ low, we ranged from 22$-21.20. This was a sideways action that caught and trapped a lot of ppl. Anything above 22.50 as a close and confirmed hold, could be the safest lonf
Overall recap, bounce could be coming in soon, this is super high risk and can plummet to new lows at any minute. This is a nonfund mental stock that is super volatile and huge risk, practically a gamble, but with levels marked and in mind we can do this smart with low risk. Do not hold for “the moon” if anyone tries this today. Be cautious of any new low breaks. Good luck, there are stronger Stocks out there this is just my idea
FIB LEVELS $HKD$HKD retracement levels. Looking to hold $28.50 level for potential entry and run to HOD.
$HKD Support level to hold and potential targetsWatching closely to see if it can hold this time above the support level at 38-43, if it hold then long target could be $108~
break below the support level then short target could be $12~
Chart is sketch lots of gaps to fill up high...I think we will see 500-800 a share at some point. It will happen when people least expect it. Bear vs Bull, who wins? Bulls are winning for sure, volume is decreasing and the price is holding could see a sling shot gap up in pre market one day.... GL all NFA.
HKD will explode soon 200% minimumcurrent price is $195 and it is not expected to break down $160. The target is above $600.
good luck
HKD - Could there be more after this massive run way of a week?Recent News - finance.yahoo.com
There was such solid volume and movement today including the HALT that it experienced, that I believe this still has juice left. I would love to see this break $200 to catch even more momentum. With high flyers like this I always look for multi day movement. However I would trade carefully as this stock was trading at $18 only just 1 week ago......
HKD - How much juice is left?This has been 1 rocket of a stock over the past couple of weeks. I would trade carefully on this one considering the amount of movement it has had in the past week. I am looking for it to bounce off my supports with a break back above $400 before I am interested in taking this trade. This will be a high risk play that may have me sitting on my hands if I do not set a solid technical setup.
HKD Short Squeeze now ExhaustedParadoxically, HKD now with a market cap higher than many large cap brick and mortar stocks
like Fed Ex and Target after a parabolic move. FOMO / greed fueled.
Mass index still rising and not yet turned down; Volume diminishing.
CAN THIS BE SHORTED ? IF SO WITH WHICH BROKER?
CRAZY QUESTION --- > Will HKD get to $1000 before TSLA
( now at $995 so the answer is obvious) NYSE:HKD
