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$Futu Holdings Ltd (FUTU.US)$
Futu started the week well but ended just slightly higher than last Friday despite the good news.
I do understand there are many who are trapped in this stock. The same goes me too in other China stocks.
If you are here trading hoping to make money fast because futu will fly to the moon, you are probably in the wrong stock because futu is in a long term downtrend and it will take a period of consolidation before it can reverse this downtrend. It is not a pullback or correction territory where it can do a V shape recovery. This consolidation that will happen after a long term downtrend can take months and sometimes close to 1 year. So coming in to futu now is definitely not a get rich fast stock like many US stocks which is flying to the moon now like tesla.
Futu is essentially in a bear market condition where investors confidence is broken and only the real bulls who have researched and have conviction in this stock will keep adding at various support levels. Don't be surprised there are even real futu bulls who are super convicted in this stock that has not added much yet as they are still waiting for the bottom or a clear buy signal before going all in.
People who do not do enough research or understand the company well enough will be emotionally affected and thinking why the stock just keeps dipping everytime they add positions. While the real bulls are smiling adding to positions because they understand what this stock is worth to them and they are in fact buying at a discount.
Trading point of view this stock has almost no signal for you to go long now. And you will be better sitting at the side now waiting for it to hit a good support level before buying in rather than randomly buying in at whatever small dips and eventually run out of bullet the time it hits the critical support level.
I personally will start opening positions on this stock when it hits 36 or 45 range as I am pretty confident a stock like futu will probably not break that critical support and head down towards 26 critical support.
But as always, trade safe & invest wise!
Futu started the week well but ended just slightly higher than last Friday despite the good news.
I do understand there are many who are trapped in this stock. The same goes me too in other China stocks.
If you are here trading hoping to make money fast because futu will fly to the moon, you are probably in the wrong stock because futu is in a long term downtrend and it will take a period of consolidation before it can reverse this downtrend. It is not a pullback or correction territory where it can do a V shape recovery. This consolidation that will happen after a long term downtrend can take months and sometimes close to 1 year. So coming in to futu now is definitely not a get rich fast stock like many US stocks which is flying to the moon now like tesla.
Futu is essentially in a bear market condition where investors confidence is broken and only the real bulls who have researched and have conviction in this stock will keep adding at various support levels. Don't be surprised there are even real futu bulls who are super convicted in this stock that has not added much yet as they are still waiting for the bottom or a clear buy signal before going all in.
People who do not do enough research or understand the company well enough will be emotionally affected and thinking why the stock just keeps dipping everytime they add positions. While the real bulls are smiling adding to positions because they understand what this stock is worth to them and they are in fact buying at a discount.
Trading point of view this stock has almost no signal for you to go long now. And you will be better sitting at the side now waiting for it to hit a good support level before buying in rather than randomly buying in at whatever small dips and eventually run out of bullet the time it hits the critical support level.
I personally will start opening positions on this stock when it hits 36 or 45 range as I am pretty confident a stock like futu will probably not break that critical support and head down towards 26 critical support.
But as always, trade safe & invest wise!
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cool dsim
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Tuesday, August 10, 2021
By Mia
You found me! Today's password is : "jax"
By Mia
![Top upgrades and downgrades on 8/10](https://ussnsimg.moomoo.com/3239598380750357608.jpg/thumb)
![Top upgrades and downgrades on 8/10](https://ussnsimg.moomoo.com/8848840405193319284.png/thumb)
![Top upgrades and downgrades on 8/10](https://ussnsimg.moomoo.com/7208401144147390274.png/thumb)
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By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
- U.S. stock index futures were little changed during early morning trading on Friday, ahead of the highly anticipated jobs report.
- The online sports betting and casino games firm DraftKings will reports earnings before today's market open.
Market Snapshot
U.S. stock index futures were little changed during early morning trading on Friday, ahead of the highly anticipated jobs report.
...
Hey, moomooers! Here are things you need to know before the opening bell:
- U.S. stock index futures were little changed during early morning trading on Friday, ahead of the highly anticipated jobs report.
- The online sports betting and casino games firm DraftKings will reports earnings before today's market open.
Market Snapshot
U.S. stock index futures were little changed during early morning trading on Friday, ahead of the highly anticipated jobs report.
...
![Morning Briefing: Virgin Galactic charged nearly half a million dollars per seat](https://ussnsimg.moomoo.com/8151511048507027887.jpg/thumb)
![Morning Briefing: Virgin Galactic charged nearly half a million dollars per seat](https://ussnsimg.moomoo.com/4105069064182679907.png/thumb)
![Morning Briefing: Virgin Galactic charged nearly half a million dollars per seat](https://ussnsimg.moomoo.com/7190193841918521768.png/thumb)
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cool dsim
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$AMC Entertainment (AMC.US)$ $GameStop (GME.US)$ $Clover Health (CLOV.US)$ $BlackBerry (BB.US)$ $Bed Bath & Beyond Inc (BBBY.US)$
You found me! Today's password: "Mundo"
![AMC frenzy is over, are WallStreetBets traders ready for their next move?](https://ussnsimg.moomoo.com/4159915899127767582.png/thumb)
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Dear moomooers!
We are excited to annouce our US Stock Paper Trading Competition Season 2 is ready to register!
If you joined the competition of first season, and concerning you may do better.
Or you just heard the competition today, and would like to have a try.
Tap here to register!! ![]()
US Stock Paper Trading Competition Season 2 has arrived!
Register before 20/08/2021 to win up to SGD 8888!
Here are few notes:
...
US Stock Paper Trading Competition Season 2 has arrived!
Register before 20/08/2021 to win up to SGD 8888!
Here are few notes:
...
![[Join now to win up to S$8,888] Season 2 has arrived! Drop by and take a guess!](https://ussnsimg.moomoo.com/6821700615731458492.jpg/thumb)
![[Join now to win up to S$8,888] Season 2 has arrived! Drop by and take a guess!](https://ussnsimg.moomoo.com/4017763172222744768.jpg/thumb)
![[Join now to win up to S$8,888] Season 2 has arrived! Drop by and take a guess!](https://ussnsimg.moomoo.com/1676859785570943459.jpg/thumb)
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Hey, moomooers! Here are things you need to know before the opening bell:
- Stock futures rose in early morning trading on Tuesday after worries about slowing growth sparked a Monday sell-off on Wall Street.
- Electric-car maker Li Auto kicked off a near-$2 billion stock offering in Hong Kong, joining a string of U.S.-listed Chinese companies in tapping investors closer to home.
Market snapshot
Stock futures rose in early morning trading on Tuesday after...
- Stock futures rose in early morning trading on Tuesday after worries about slowing growth sparked a Monday sell-off on Wall Street.
- Electric-car maker Li Auto kicked off a near-$2 billion stock offering in Hong Kong, joining a string of U.S.-listed Chinese companies in tapping investors closer to home.
Market snapshot
Stock futures rose in early morning trading on Tuesday after...
![Morning Briefing: Tesla rival Li Auto launches $2 billion Hong Kong share sale](https://ussnsimg.moomoo.com/9090390801536623744.jpg/thumb)
![Morning Briefing: Tesla rival Li Auto launches $2 billion Hong Kong share sale](https://ussnsimg.moomoo.com/2468927513254222350.png/thumb)
![Morning Briefing: Tesla rival Li Auto launches $2 billion Hong Kong share sale](https://ussnsimg.moomoo.com/5962054382422722689.png/thumb)
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Hi, dear moomooers! We are excited to invite you to a special event and claim big rewards.
Before we start, let us you give a "spoiler": There will be 400 winners in total after this event ends. But each day, only the first 40 participants will be eligible to receive our gifts.
So, what are you still waiting for?
How to join this event?
Step 1:Turn on your notification for moomoo app on your phone.
Step 2: Look for the “password”!
Every day, moomoo will send...
Before we start, let us you give a "spoiler": There will be 400 winners in total after this event ends. But each day, only the first 40 participants will be eligible to receive our gifts.
So, what are you still waiting for?
How to join this event?
Step 1:Turn on your notification for moomoo app on your phone.
Step 2: Look for the “password”!
Every day, moomoo will send...
![[Giveaway] You're invited! Read news and earn rewards.](https://ussnsimg.moomoo.com/16279765806957-77777017-web-ce5b5979d7f469aa.jpg/thumb)
![[Giveaway] You're invited! Read news and earn rewards.](https://ussnsimg.moomoo.com/16279765389136-77777017-web-4d18af901f2dd974.png/thumb)
![[Giveaway] You're invited! Read news and earn rewards.](https://ussnsimg.moomoo.com/16279763124605-77777017-web-aea9e100b3ba9a37.gif/thumb)
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Weekly market recap
For the week, $Dow Jones Industrial Average (.DJI.US)$was back down 0.5%, threatening to snap a string of weekly gains; the $S&P 500 Index (.SPX.US)$is headed for a weekly decline of 0.9%, while the $Nasdaq Composite Index (.IXIC.US)$is looking at a weekly decline of 1.8%
Stocks enter a busy week for earnings news with two perplexing questions hanging over the market.
One is whether the big gains in corporate profits will start to boost stocks with solid earnings reports. That was not the case for some financial sector stocks this past wee...
For the week, $Dow Jones Industrial Average (.DJI.US)$was back down 0.5%, threatening to snap a string of weekly gains; the $S&P 500 Index (.SPX.US)$is headed for a weekly decline of 0.9%, while the $Nasdaq Composite Index (.IXIC.US)$is looking at a weekly decline of 1.8%
Stocks enter a busy week for earnings news with two perplexing questions hanging over the market.
One is whether the big gains in corporate profits will start to boost stocks with solid earnings reports. That was not the case for some financial sector stocks this past wee...
![What to expect in the week ahead (IBM, NFLX, KO, INTC)](https://ussnsimg.moomoo.com/4326017793800069698.jpg/thumb)
![What to expect in the week ahead (IBM, NFLX, KO, INTC)](https://ussnsimg.moomoo.com/8301506897146554117.png/thumb)
![What to expect in the week ahead (IBM, NFLX, KO, INTC)](https://ussnsimg.moomoo.com/86789960137950400.png/thumb)
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For beginners, placing an order sometimes can be a difficult task.
In this video, we will guide you on how to place a market/limit order.
Follow us for more tutorials.
For more guides, please refer to moomoo courses at https://live.moomoo.com/college
Have fun with your financial journey on moomoo!
$AMC Entertainment (AMC.US)$ $Tesla (TSLA.US)$ $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Nasdaq Composite Index (.IXIC.US)$
In this video, we will guide you on how to place a market/limit order.
Follow us for more tutorials.
For more guides, please refer to moomoo courses at https://live.moomoo.com/college
$AMC Entertainment (AMC.US)$ $Tesla (TSLA.US)$ $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Nasdaq Composite Index (.IXIC.US)$
![[Video Tutorial] How to place an order on moomoo?](https://ussnsimg.moomoo.com/202106170000078178e2dd5e936.jpg/thumb)
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1. Introduction
Deviation rate (BIAS) is an indicator that reflects the degree of deviation between the stock price and its moving average in a certain period. It is calculated in terms of percentage difference.
When the stock price moves drastically to deviate from the trend, the possibilities for a pullback or rebound increase; When the stock price movement does not deviate from the trend, it is likely that the trend will continue.
By connecting BIAS values into a polyline, a deviation rate (BIAS) graph can be plotted to facilitate making trading decisions.
...
Deviation rate (BIAS) is an indicator that reflects the degree of deviation between the stock price and its moving average in a certain period. It is calculated in terms of percentage difference.
When the stock price moves drastically to deviate from the trend, the possibilities for a pullback or rebound increase; When the stock price movement does not deviate from the trend, it is likely that the trend will continue.
By connecting BIAS values into a polyline, a deviation rate (BIAS) graph can be plotted to facilitate making trading decisions.
...
![Use the bias indicator to assist you with your day trading](https://ussnsimg.moomoo.com/1626088293932-77777015-web-68d0371b4e15b8d3.jpg/thumb)
![Use the bias indicator to assist you with your day trading](https://ussnsimg.moomoo.com/1626088517413-77777015-web-f02b6dc9e8af1da0.png/thumb)
![Use the bias indicator to assist you with your day trading](https://ussnsimg.moomoo.com/16260885649884-77777015-web-a77d5c1695e751a7.png/thumb)
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