FUTU trade ideas
$FUTU - Flag Breakout & Continuation (4HR)$FUTU breaking out of a bull flag formation. It broke past the $156 resistance and closed above it indicating a possible continuation. 4HR MACD curling up. I like trading $FUTU as day trades mostly especially on Fridays, the swings are big sometimes. Lmk what you think.
FUTU - Rejected and coming down!See chart, should be self explanatory and white dotted lines are how I see this playing out.
My view on Futu Holdings Base on Technical Analysis, after FUTU did a fake breakout, the price is trading at 145$.
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 : RESET / POSITION TRADEFutu Holdings Limited operates an online brokerage and wealth management platform in Hong Kong and internationally. The company provides trading, clearing, and settlement services; margin financing and securities lending services; and stock yield enhancement program.
While Robinhood gets most of the hype in the US, Chinese wealth management platform Futu Holdings (NASDAQ:FUTU) continues to perform at a high level.
For Q1 of 2021, Futu reported revenue of $283.56 million and EPS of $1.03 per share. While many companies beat estimates, it's impressive the degree that Futu beats at.
Revenues came in $65.52 million over estimates, a beat of 30%. Meanwhile, analysts were expecting EPS of $0.61 (the $1.03 was a beat of 68%). This isn't the first time that Futu Holdings has beaten analyst estimates. The company is a "serial estimate beater" and has continually outpaced estimates.
In Q1 Futu saw accelerated user growth. Paying clients totaled more than 789K, which was a 231% YoY growth. Futu saw YoY paying client growth of 160% in Q4, so the growth in paying users is accelerating. Total revenues were $283.6 million for the quarter, an increase of 349% YoY.
Futu Holdings seems to fly under the radar when comparing its valuation and growth rates to other companies with higher multiples and lower growth. A sustained triple-digit growth rate is remarkable, and Futu's Q1 earnings showed that this trend remains intact. While execution always needs to be proven quarter by quarter, a business growing as rapidly as Futu Holdings can quickly build a margin of safety due to its high growth rates.
Source : Wealth Insights, Seeking Alpha, 20-May-2021
seekingalpha.com
seekingalpha.com
Weekly TF Long Idea on Leader - FUTU15/Jun/2021 08:22 AM AUTHOR: Brandon Gum
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There seems to be some rotation into growth possibly under way. If we continue to see this inflow this name will perform well.
2 stop loss trade mgmt here, marked in pink.
Measured move target.
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FUTU on watchFUTU gapped up today and showed strength. I like it long if price can stay in and above the green box. Would not be surprised to see a move back to 130, but would expect a quick recovery. Targets would be 148 and 161. Not interested if price falls below 130 again. Risk management with this ticker is paramount as this is a high beta name which can make large swings.
FUTU offers crypto trading to international clients Joining the hottest sector of crypto trading and big positive surprise in Q1 ER makes FUTU great candidate for long-term LONG story.
Futu Holdings Ltd., the fast-growing Chinese brokerage and Robinhood rival, plans to offer cryptocurrency trading to “international clients” later this year, according to executives.
Entry: 120-124
SL: 117
PT: 150-160 (+30%)
R/R: 7
FUTU shortI was hoping for a possible bounce off $115, but we broke down today. Take this down to $97-100
FUTU - Bullish above 130If price can go above 130 without dropping below the 78.6% Fib level at 113 and of course the invalidation level at 100, it has a high chance of making a new high.
Above 130 I would look for a move above 143-ish before going for 178 then 200
$FUTU can rise in the next weeksContextual immersion trading strategy idea.
Futu Holdings Limited operates digitized brokerage and wealth management platform in Hong Kong, China, the United States, and internationally.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next weeks.
So I opened a long position from $135;
stop-loss — $120.
take-profit — $170.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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FUTU - great chartbreakout on volume
V-bottom and extention
and bigger bullish flag
healthy fundamentals
FUTU is within the bands and will test $160 soonNASDAQ:FUTU Stays within the bands. Short term PT is $160
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, Long FUTU , has done well today and is turning up from the base.
RSI trending up well,
Volume confirmation looks good
Overhead supply seems depleted and were ready to continue move up .
Entered this AM.
Good luck
$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.
