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Futu Holdings Limited

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FUTU trade ideas

Stock Of The Day / 12.09.24 / FUTU12.09.2024 / FUTU Fundamentals . Positive catalyst in Chinese stocks amid positive news from the Chinese government. Technical analysis. Daily chart: pullback on an uptrend. The nearest daily level 109.37 is ahead. Premarket: Gap Up on increased volume. Trading session : The price forms a tightening to the level 101.00 after a strong non-pullback growth from the opening of the session. Around 12:00 a.m., there is an attempt to break the tightening structure in continuation of the initial uptrend with the aim of updating the high of the day 105.00. The attempt was unsuccessful, the high of the day could not be updated and the price continued to tighten to the level of 101.00. We can consider a counter-trend trade in the second half of the trading session, considering that the general direction of the market on this day is short. There were two unsuccessful breakdown attempts at 2:12 p.m. and 2:26 p.m. which is not result in updating lower highs, confirming the strength of sellers. Trading scenario: breakdown (break of base) of level 101.00 Entry: 100.82 aggressive entry below the lower low after an unsuccessful attempt to update lower high. We do not expect a retest because breaking the base is usually accompanied by a strong impulse movement. Stop: 101.25 we hide it behind the last lower high. Exit: Close the position around 98.56 when several long candles appear in a row on increasing volumes at the end of the session. Risk Reward: 1/5
NASDAQ:FUTUShort
by AlexX31
RiskMastery's Breakout Stocks - FUTU EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential. In this edition, we'll be looking at NASDAQ:FUTU ... I believe this code is at a point of potential volatility. If price can hold above $50.69 ... Bullish potential may be unlocked. My key upside targets include: - $56.92 (Conservative) - $64.74 (Medium) - $79.12 (Aggressive) If however price falls below $43.60 ... Bearish risk potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
NASDAQ:FUTULong
by Bullfinder-official
FUTU: strong potential for 2024FUTU reached the upper zone of mid-term 52-45 support range and is trying to find a footing. I like the gap-up with substantial volume today. Re-claiming the 50d moving average would be a constructive next step in shifting the odds of important bottom in place. Otherwise, if 50.28 level will not hold, next support levels are: 49-45. Suggested price structure is in-tact until price holds above 40.90 level. Fundamentally solid with strong sales and earnings growth 4qrts in a row, high EPS growth estimates for 2023 and decent 2024, could be a perspective growth candidate to outperform the markets in 2024 (in favourable environment).
NASDAQ:FUTULong
by artemfedorov
FUTU Holdings Limited Options Ahead of EarningsIf you haven`t bought FUTU`s dip here: Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week, I would consider purchasing the 64usd strike price Calls with an expiration date of 2023-11-24, for a premium of approximately $1.33. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:FUTULong
by TopgOptions
FUTU: A Leading China StockFundamentals : This is not a super stock. Those are hard to find. I have only found two. Futu is an online brokerage and wealth management platform. I visited this company in China. I went to experience the customer service. I was also able to meet some of the management team. The customer service is excellent and so is the management. Their concept in China bridges the gap between stocks in China, Hong Kong and the USA, so that more people will have access to markets in several countries. Earnings coming out November 22. Earnings stability is not as stable as I want them to be. So, I cannot predict the outcome as usual. However, I will watch the earnings. I expect forward guidance to be positive. 53% growth in 2023 eps estimated. 2024 about 10% growth. Annual roe is 15%. Note on Sponsorship: It is hard to tell if large institutions are buying the stock. From what I can tell, it seems neutral. Technicals : Weekly 5-0 Weekly break of cloud pullback Volume increasing with the higher high break Morning star Kijun support and 61.8% fib supported. Currently consolidating before earnings due on November 22nd.
NASDAQ:FUTULong
by Rocketman
Strong fundamental and technical China playI do like how some of the strongest plays in China are setting up for the perspective upside in Q4 and beyond. Have a look at $NASDAQ:FUTU. High double and triple digits growths of earnings and sales four quarters in a row; strong and consistent ROE numbers; high eps growth estimates. Management owns 5% of the company. In conjunction with China government plans to stimulate the economy, most of the ingredients are there to support potential price advance of FUTU into Q4. From the technical stand point, I may suggest several perspective: 1. My wave-analysis shows that a) the mid/long-term structure allows for substantial upside and b) price found important short-term support in 53 area and is now building the base before continuing advance towards next important resistance zones: 80-99. 2. Waves and fibonacci aside, notice how well the price creates a volatility contraction pattern on a weekly time-scale, with an evident accumulation signs and good weekly closes. That leads me to consider that sellers with selling volume are subsiding and buyers are ready to step in leading the price higher. Overall there is quite substantial overhead supply from devastating 90% decline since 2021, strong fundamental and at least short to mid term technical stance make NASDAQ:FUTU a valid candidate for the buy list. Trading thesis: if price manages to break-out above 67.5 with supportive volume confirmation, that shall be a buy signal. With tight 3-5-7% staggered stop loss. For cowboy type of traders, price moving above 64.10 could be a place to start opening the position with an intention of adding after 67.5 breach. The short-term analysis is valid until price holds above Oct's low of 52.
NASDAQ:FUTULong
by artemfedorov
FUTU Holdings Limited Options Ahead of EarningsIf you haven`t bought FUTU ahead of the previous earnings: Then analyzing the options chain and the chart patterns of FUTU Holdings Limited prior to the earnings report this week, I would consider purchasing the 45usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $5.20. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:FUTUShort
by TopgOptions
1
FUTU Stage 1 transition to Stage 2Alright people if I have to explain the chart then I have not presented correctly #1 All time high to all time low, 50 was a big level. Somehow it survived and now above 50. March 2022 low was 20 to now almost 60. #2 Parallel channel suggests the trend has not reversed yet however June high is broken so there is a huge potential it can go upto 80. #3 Stage analysis suggests 200 DMA has not inclined upwards yet because of which I am still biased for stage 1, it can turn to Stage 2 thereafter. if Buy the dip concept still exists then that applies to FUTU, Any dip is an opportunity to enter. This is my opinion, do your DD.
NASDAQ:FUTULong
by letslearn
1
FUTU - Breakout for Big Jump (150% Gain)Futu - a Chinese online brokerage & wealth management platform has finally broken its resistance of accumulation zone forming an ascending-triangle chart pattern. This stock has tremendous potential. Let's know why: 1. Accumulation Completed Futu entered accumulation stage (stage 1) somewhere in December 2021 following a steep fall inline with general market decline. Its growth was contained. But after a long accumulation period of about 1 year it has finally broken its accumulation zone with ascending triangle pattern, and has swiftly entered advanced stage (stage 2). One word of caution here: Buying volumes are not so high, but golden cross is imminent. 2. Earnings Futu's revenues, which had slowed down in FY-2022, have again geared up with PQ growth of 11% in the recent quarter. Likewise, net income has grown 17%. These increases are not so high as they were in the previous years when Futu did mind-boggling growth, but mild gains are quite possible. Moreover, as it is a fast growing brokerage platform, its growth will resonate with the general market growth.
NASDAQ:FUTULong
by starringinvestors