$Tesla(TSLA.US$ Reverse head and shoulder pattern and slightly broke the downtrend channel resistance line, with earnings coming soon might break ATH.
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$Futu Holdings Ltd(FUTU.US$
The stock price continue to drop as expected as written in my post 1 month ago.
Stock market is a game of hype. The more hype it is, the higher the chances the price will grow. You could see the interest/volume traded for past few months for this stock among institutions/investors has dropped significantly. As there are no hype around this stock, hence the stock will definitely continue in downwards trend.
If I am FUTU management to choose when to buyback share, I would buy back based on the whole market outlook and not based on the price. The market is looking bleak, analyst been warning about a potential crash. That’s why FUTU gave the timeline to buyback within 13 months because they are expecting a crash next year. I would start buy back after the market has crashed. Only then, the buyback will be effective and could possibly spur the market to buy FUTU as it “looks” like it is doing well.
So fellow investors, there are ups and downs. Be prepared this stock definitely will give you a ride down further. I not surprised if it go down till $20. My advise is just hold the stocks for long term because a profitable company share price will grow in the long term. Don’t go and realise your losses. Hold until the crash end then FUTU buyback.
The stock price continue to drop as expected as written in my post 1 month ago.
Stock market is a game of hype. The more hype it is, the higher the chances the price will grow. You could see the interest/volume traded for past few months for this stock among institutions/investors has dropped significantly. As there are no hype around this stock, hence the stock will definitely continue in downwards trend.
If I am FUTU management to choose when to buyback share, I would buy back based on the whole market outlook and not based on the price. The market is looking bleak, analyst been warning about a potential crash. That’s why FUTU gave the timeline to buyback within 13 months because they are expecting a crash next year. I would start buy back after the market has crashed. Only then, the buyback will be effective and could possibly spur the market to buy FUTU as it “looks” like it is doing well.
So fellow investors, there are ups and downs. Be prepared this stock definitely will give you a ride down further. I not surprised if it go down till $20. My advise is just hold the stocks for long term because a profitable company share price will grow in the long term. Don’t go and realise your losses. Hold until the crash end then FUTU buyback.
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$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 $72. Disclaimer, this is not meant to put down everyone’s spirit that it will continue drop in price. But to stand together with everybody and embrace that this is temporary. To me I have strong conviction in Futu, it has great growth potential and I like to use the app than other trading platform. Cheers!
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$Futu Holdings Ltd(FUTU.US$ Trending down back to the $30 to $40 range like Dec 2020. Probably will consolidate that area until the regulation stop then rebound. Gonna enjoy the ride down and buy buy buy!
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$Tesla(TSLA.US$ my first comment on moomoo dedicated to Tesla. Lets go!
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