FUTU on watchBack watching FUTU for a pre earnings run. I like the way it has been tightening up below 160. A break above 159 could yield a move 162 quickly. A break above 162 could then make a bigger run to 180/182. Be careful with this one. It has massive range. If price were to break below 139 it could end up back below 120 very quickly.
FUTU/N trade ideas
$FUTU Double Bottom and Wedging PatternI've been on a ruff ride with $FUTU for a bit now. You can see my entries on the chart. this may be worth putting on your watch list. Looks to me like we have 2 patterns going here. A double bottom and it's currently wedging with decreasing volume. I expect this will move very shortly in one direction or the other. I'm long and that's my guess, all TBD. Ideas, not investing / trading advice.
from earningswhispers.com:
Futu Holdings (FUTU) reported Quarter December 2020 earnings of $0.50 per share on revenue of $153.0 million.. Revenue grew 283.4% on a year-over-year basis.
China based company that offers online brokerage.
FUTU. Little bullish pennant in giant bullish flag.Seems like it trying to brake free from the little bullish pennant which is inside other giant bullish flag. If it could, than based on measured move of little bullish pennant the price could reach previous AH ($200 area). In long term, if the market condition will be convenient, we could talk about long continuation based on measured move of giant bull flag.
Not a recommendation, just an observation.
FUTU - Ready for a new bull run ?FUTU - Looking good but I'm not sure if we're in a wave (ii) or smaller degree wave iv on the 65min chart.
We can buy a break above 160 nonetheless with a very tight stop of 5-6$ and in worst case get out at breakeven if the alternate count is right and price turns lower after making a new high above 164.
FUTU update from this weekIdea worked wonders, 155 and 160c paid very well. Watching next week over that 159 for retest of 164 and beyond that it's gone squeezing back to 200+
Average true range of this name is $16 or about 10% of the underlying that's highly volatile, so must capitalize on the breather it took today.
FUTU completing a cup and handle ENTER in the green zone... thats when the break out would be confirmed. the grey areas are three areas of support can act as stop losses. (trailing going up, if an entry is made right now, as the ema 12 just cross the ema-26)
futu is an ideal canslim candidate. amazing fundamentals.
$FUTU