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$Futu Holdings Ltd (FUTU.US)$ Futu has closed yet another da...
$Futu Holdings Ltd (FUTU.US)$
Futu has closed yet another day lower than it opening price.
This are signs of bearishness and this shows the 59 resistance is indeed very strong and hard to break.
Futu has closed yet another day lower than it opening price.
This are signs of bearishness and this shows the 59 resistance is indeed very strong and hard to break.
Despite very good news on futu shares buyback the rally was still stopped right at the immediate resistance of 59. This would mean that futu will most likely go back down to retest 50 support and if it breaks, go back down to 45 and 36 support level.
If futu manages to break 59 resistance, the next would be at 68 which is the negatively sloping down 20ma.
As always trade safe & invest wise!
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Caprigoat : How do u determine resistance levels?
102952476 : Today will hit 70.
Investing 101 OP Caprigoat : Base on previous selling pressure area. Where sellers are waiting at.
Investing 101 OP 102952476 : To break 2 resistance level in a day is difficult but I hope futu does too! Hopefully the good earnings will help change the tide for futu. But without the goof earnings I don't see it possible yet as even recent good news wasn't enough.
l l f : The rich cow is old. As soon as it falls, it falls below several support points, and is unable to break through a pressure level![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Investing 101 OP l l f : I believe at 36 support it have a high chance of reversal there. 36 is really too cheap for futu to break past and go down to 26 support. I don't think even shortist dare to short down to 26 from 36 level. There will be too many buyers.
fun2farm Investing 101 OP : 26 means need to drop another 50%++.. not sure if shortists can do it...
Investing 101 OP fun2farm : If you see from 36 to 26 yes another 50%. But if you see fro. High of 200+ to 20+ it's a 90% drop. All the bulls will buy like mad.. Maybe some will even sell house to all in..![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
victories : Sell house to all in![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
you are from China ?