FUTU/N trade ideas
good trendLet's analyze the trend first. Futu's closing price is now at the 15-minute GMMA support level. If it does not fall below 40.7, there is basically no major problem. If you really want to fall through, remember to take profit and stop loss, you are afraid of doing the M prefix. I hope that after falling to the support level late tonight, I will have the motivation to rise again tomorrow night
futuMy plan idea: Goes to mid 34 then a slight bounce to 36 to create a head & shoulder pattern, with that confirmation I wouldn't be as reluctant to go further bearish with a price target of $25. On the flip side if it breaks $40 my stop would be hovering at around 40.50
short today, long for buybackokay futu at the bottom, inverse h&s forming, fundamental news, buyback, and Q4 results, so bullish long term. TA squeeze 20% sort volume, insiders shy of 10% stock up 30% could retrace to 22-25% as a today rate hike, and JP to speak about the forecast. Also noticed with this news, the RSI is signaling a downward move, while stock is trending in opposite direction! My long-term outlook is $50+ just have to wait and see if it continues!
FUTU: High short % float and downtrending.This is a pattern i've seen time and time again from stocks that are failing. They get massively shorted and have some short squeeze like "pumps" to then fade into irrelevacy. I've opened a short yesterday at 43.17
FUTU - tight range above all daily moving averages
Holding all moving averages on daily ++
Selling volume is lower than average ++
hasn't made new low since Dec 13 +++
Hasn't made new high since Jan 20 --
Overall weakness in chinese names -
Takeaway: once price moves over 50 on volume, this will push to 65 and higher. Patience for now.
up for a bull run.on good support level. will go for bull run but keep your leverage low and its good for long time trade. happy trading
$FUTU starting to look constructiveNibbled on FUTU shares, as it appears to have bottomed. This stock can MOVE and I like the R/R here . Will continue to add as idea confirms... tight stop loss in this market is essential.
FUTU - On Watch On watch for this leading Diagonal pattern. One of my favorite stock long term down here.
FUTU path to previous ATHBased on weekly chart, FUTU has undergone a deep correction and current prices is well support as evident by the volume profile indicator. We now have a bull continuation signal on weekly timeframe. A possible zig-zag path to previous ATH in the next few months if trend continues. Vested. NAF DYOR
Potential Gap Fill- Reversed Head & Shoulder pattern formed
- Downward 12345ABC correction pattern finished
- Gap needs to be filled around 77.5 ~ 81.5 level
- wait for target #1 @ $51 to reach or break then correct along the newly formed upward channel to confirm bounce
* If confirmed, swing trade along the new upward channel, until $77.5 gap fills
* If falls down below 41.2, the idea becomes invalid.
FUTU LONG TIME!!!NASDAQ:FUTU
- price came back to the keylevel W1
- zoom to D1 time frame, we got 2 bottom pattern with piercing candle
=> with two confirmation , execute BUY order
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.
It could be a bat reversal on the 5th wave of ElliottBat harmonic pattern:
AB=0.5 XA
BC=0.88 AB=$188
CD=1.6 BC=$67
or
CD=0.88 XA=$55
or
CD=2.6 BC=$35
just act like a crabcrab harmonic pattern:
3-4=0.38 X1-3
4-5=0.88 3-4
2.6 4-5=$38
3.6 4-5=$21
1.6 X1-3=$12.5
AB=0.38 X2=$33
BC=0.88 AB=$22
2.6 BC=$63
3.6 BC=$95
1.6 X2-A=$147
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
FUTU HOLDING : CMP 73FUTU HOLDING Is Shorting Candidate in this Bull market...Short below 75 with SL 82 for target 60 50
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.
FUTU BUYML indicator says buy, lets try it out!
Trend analysis, bottom reached and have great upside potential.
