My view on Futu Holdings
Base on Technical Analysis, after FUTU did a fake breakout, the price is trading at 145$.
FUTU is trading sideway in 17 weeks on the weekly chart. I believe FUTU would backtest the strong support level at $130, and then bounce to the $200 as the previous ATH.
Therefore, I would enter FUTU in the $120 - $130 range when the price action is a bullish candle, my minimum target is $200.
I believe it would make an ATH at the end of the year.
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This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.
FUTU is trading sideway in 17 weeks on the weekly chart. I believe FUTU would backtest the strong support level at $130, and then bounce to the $200 as the previous ATH.
Therefore, I would enter FUTU in the $120 - $130 range when the price action is a bullish candle, my minimum target is $200.
I believe it would make an ATH at the end of the year.
-----------------------------------------------------------------------
This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.
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