Stay positive!
$Futu Holdings Ltd(FUTU.US$ I like the positive vibe in Moomoo community, hence I want to try sharing my learnings with you guys. Please me know where i can improve. I tried to do a simple trend analysis with Support and Resistance line. As you can see from the chart, Futu has been in a downwards trend and I believe that there is possibility that the stock will continue to drop further to $36 given the high short trading volume till Dec 2021.
Hopefully, coming to the new year there will be more positive news on the China outlook then the stock will break out of the wedge and rebound back up to $50 then $72. Disclaimer, this is not meant to put down everyone’s spirit that it will continue drop in price. But to stand together with everybody and embrace that this is temporary. To me I have strong conviction in Futu, it has great growth potential and I like to use the app than other trading platform. Cheers!![]()
Hopefully, coming to the new year there will be more positive news on the China outlook then the stock will break out of the wedge and rebound back up to $50 then $72. Disclaimer, this is not meant to put down everyone’s spirit that it will continue drop in price. But to stand together with everybody and embrace that this is temporary. To me I have strong conviction in Futu, it has great growth potential and I like to use the app than other trading platform. Cheers!
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102329055 : what is this analysis called?
mrbanana 102329055 : 35 analysis
Mr Bogus : Yes u can see the volume also went down. The share price oso when down. So dont keep buying any more. and dont sell. Just and wait till below 40 den buy some more. After just wait for the price u wanna sell. 100 or 150 or 200
Day Trader 881 : Nice Analysis, that level 36 is pre covid consoLidation level.. if it reach that stage even without any formal news from PRC or Cyber security…. I would buy More,
Logan Harris : Awesome. Expecting your next review. Get the free stock!