did I analyse correctly?

$Moomoo (FUTU.US)$ correct me if I'm wrong, the sharp fall last week was due to general sentiment of the stock market due to consumer price index and not specific to futu..Futu Business still going strong in earnings. in Singapore they are going into corporate to acquire customers and their campaigns are successful according to what I heard and their promotions are effective in increasing their AUM.

it seems that there is much resistance to further fall in price at 48 and likely to go up from here?

another positive is that alot of capital is flowing into SE asia and Futu is at the right place to catch them.

waiting for the next earnings release to confirm.