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FUTU HOLDINGS LIMITED

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FUTU/N trade ideas

An infinite drop or just a strong buying opportunity?Dear long term investor, welcome to this new FUTU NASDAQ:FUTU analysis. From an analytical point of view, a large majority of the indicators point to a sharp decline even if the RSI will break the oversold level, but the market sentiment is rather positive, which could herald a rise after a decline to 28.7 or 17.6, depending on the news to come. It's hard to guess the market in the short term, but with an industry where the only limit is the customer, we're pretty bullish in the long term on the company's future. But feel free to do your own research, this is just an analysis, this scenario may not come true. This is not an investment advice. Here are the scenarios I can share with you: A possibility of a drop to 28.7, followed by a recovery to 77.79 gradually. A possibility of breaking 28.7 until landing at 17.6, see the evolution thereafter.
NASDAQ:FUTU
by Absconse
Falling Wedge- BullishBig falling wedge on FUTU here along with bullish hidden divergence on the RSI, still a bit wary of the broader sector with all the FUD surrounding sector regarding SEC Chair Gensler's comments, nonetheless will certainly be watching for a breakout from this wedge. Additionally has a small gap on the upside to fill from $77.61 to $81.38- just some support and resistance levels to keep an eye on in the meantime along with some RSI-based supply and demand zones
NASDAQ:FUTULong
by jacobosiason7
Futu Founder Leaf Hua Li Apologizes over System Failure"We are sincerely sorry, and we humbly accept all criticism and advice. We will make relevant improvements immediately." Future founder Leaf Hua Li publicly apologizes for the interruption of the morning of October 9, 2021. "We are sincerely sorry, and we humbly accept all criticism and advice. We will make relevant improvements immediately." Future founder Leaf Hua Li publicly apologizes for the interruption of the morning of October 9, 2021. On October 11, 2021, Futu Holdings Ltd. founder Leaf Hua Li issued a signed article, apologizing to the public for the transaction interruption in the early morning of October 9, 2021. He highlighted three points in his apology. Several brokerages, including Futu, experienced network failure in their engine rooms due to power stoppage. Futu contacted the operator for repair and was able to resume core services within two hours. First, Hua Li addressed the compensation issue for near-exp options' value zeroing. Futu has already started contacting its clients regarding this issue and will negotiate and make customized compensation plans. Second, Leaf Hua Li addressed the problem with the disaster recovery system. Hua Li emphasized that Futu's system implements disaster recovery and a dual-channel redundancy design, from market quotation to transaction, server to transaction gateway to network transmission. Leaf Hua Li said, "This incident took hours to fix, which provided us with a lesson and much insight." In addition, he made it clear that Futu will prepare and include a backup solution that deals with transaction performance, order delay and supports cross-IDC. If a similar incident does happen, Futu could shorten the repair time to minutes. Leaf Hua Li made the last point about the asset display issue. Many clients could not see their position and asset data during the interruption. The system failure severed the connection between the MooMoo APP and the background data, which caused panic as the interruption zeroed users' front-end display. Hua Li promised to improve the performance of the MooMoo App and its relevant services.
NASDAQ:FUTU
by EqualOcean