TIGR/N trade ideas
Tigr King!Tech finished the week on a positive note.
TIGR stock gapped down today and clawed itself back up and is now sitting at a major resistance zone at 23.76.
Constructive consolidation IMO. We climbed around 23% yesterday - to close the next day only down 0.13% is bullish!
If the market as a whole can rally next week, PT is the gap fill to 30.49.
Expecting a breakout and retest of the resistance/support line at 23.76 so that we can test the top of the channel at 29.01 then gap-fill to 30.49.
Resistance lines/zones drawn using daily candles.
Position: TIGR 25C 03/19
$TIGR: Falling wedge breakout- Potential target $28Falling wedge breakout. A nice momentum stock that was pulled back in last week.
Watch out for a nice upward move in the next few days.
Potential target: $28 (Gap to be filled), if accumulation continues then it may reach the Previous high $37 area
Stop Loss: 50SMA
TIGR Cup and Handle formation - bullishThere seems to be a a cup and handle formation and the price broke out of the handle today. Can also be seen as a bullish flag formation.
The candlestick is a long legged doji, which is long upper and lower wick and small real body.This candlestick shows some indecision about where the price will go.
Overall the trend is bullish, and price might retest the breakout level of the handle before going up more. This would be a safer entry.
Short term TP1: 22.84 ( previous resistance)
Medium to Long term TP2: 28.87 (length of flag pole added to breakout price)
Medium to Long term TP3: 32.73 (price measured from the bottom of cup to top of cup and added to breakout price)
$TIGREntry price : 16.47
Fundamentals :
- Sector: Finance - Broker
- EPS % Chg (Last Qtr): 400%
- EPS % Chg (Previous Qtr): 200%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 152%
- Sales % Chg (Previous Qtr): 137%
- 3-Year Sales Growth Rate: 87%
- Annual Pre -Tax Margin: -7.6%
Welcome To Tiger BrokersTiger Brokers is really excited to officially partner with TradingView and offer U.S. equity trading to all the traders in Singapore & Malaysia.
Tiger Brokers is a leading online brokerage that serves investors across Asia and beyond. We like to think of ourselves as a young, next generation fintech company. Tiger was founded in 2014, but we are already Nasdaq listed, have over 800 employees, and offices in Singapore, Hong Kong, New Zealand, Australia, the U.S., and China. We now have over 1 million client accounts and a total account balance of over $10 billion U.S. Dollars. Our community of traders is highly active, and in the third quarter of 2020, total securities trading volume for our company was $62.8 billion USD.
The stock of Tiger Broker’s Nasdaq listed parent company, UP Fintech Holding Limited (TIGR) is shown in the above chart.
We offer TradingView clients a wide range of trading features for U.S. equities, including shorting and margin financing.
So why should Singapore & Malaysia investors trade with Tiger? Let’s go over the reasons:
1. Trade as much as you want : Enjoy unlimited T+0 trades with Tiger.
2. No account minimum or hidden fees: You can fund your account with as much or as little as you want and start trading immediately. There are no hidden fees, like account maintenance fees.
3. High standards of compliance: When you open an account with Tiger, you will be depositing your funds at our Singapore licensed subsidiary, Tiger Brokers Singapore, which is regulated by the Monetary Authority of Singapore (MAS). All client funds are held in custody at DBS Bank in Singapore.
How to open an account?
Simply click the account opening link on TradingView and you will be directed to Tiger Brokers’ website where you will proceed with our online account opening. For those Singapore residents who use Myinfo for account opening, account approval will be completed within just a few minutes.
We have seamless account funding links in Singapore with DBS and other major banks for you to easily move your money in and out of your Tiger Brokers account.
Tiger Brokers offers a comprehensive multi-currency trading account; you may fund your account with Singapore dollars, U.S. dollars, or Hong Kong dollars. Relevant details for completing account funding are available in the client portal on Tiger’s official website at My Account > Deposit.
How to start trading
After you have funded your account on Tiger’s website you may login to TradingView and start trading! It’s that easy.
We support unlimited T+0 trading as well as short selling and margin trading. Maximum 4X intraday margin, and 2X overnight margin is allowed (risk control rules may apply).
We do look forward to trading with you and for any questions, please contact our customer service team listed in the Signature below this post.
Best,
The Tiger Brokers Team
TIGRThe paper stood for a year and a half in accumulation, burst out to the top and simultaneously formed 2 patterns in long - flat accumulation and reverse H&S on top, a rare figure of technical analysis in such a place. The breakdown of the resistance level has already taken place, the retest has also taken place, everything is ready for growth (see the white oval circle). There are 2 growth targets - plus 40% to 10.23, and the second plus 126%, to the level of 16.56. Short-term trade - from several weeks to several months. We do not put a stop, it is not needed here.