Laoye2020
reacted to
$Tesla(TSLA.US$ it might drop back to 213 or 211 :(.....
3
2
Laoye2020
voted
Intro
Last week's mixed markets are showing indications of investors rotating their capital between sectors. Tech appears to be on a comeback at least temporarily. The China reopening trade is still in full effect but when and how big will the first initial correction be? Commodities appear to be joining the China trade. Technically speaking US equity markets are still looking long-term bearish and short-term bullish. After seeing last week'...
Last week's mixed markets are showing indications of investors rotating their capital between sectors. Tech appears to be on a comeback at least temporarily. The China reopening trade is still in full effect but when and how big will the first initial correction be? Commodities appear to be joining the China trade. Technically speaking US equity markets are still looking long-term bearish and short-term bullish. After seeing last week'...
+3
3
3
$Tesla(TSLA.US$ 1033 strong support
2
Laoye2020
liked
$Futu Holdings Ltd(FUTU.US$ I will wait US$38-40.
5
Laoye2020
liked
$Futu Holdings Ltd(FUTU.US$
Futu critical support is around the 39 to 42 range. However due to sharp drop over last 2 days, I do foresee an upcoming technical rebound or some call a dead cat bounce coming soon before it heads down for 1 more leg to 40s range to test the critical support.
With that said, I have bought a call to catch the technical rebound and will switch over to a put after that and close it after it touches the next support.
Do share your thoughts as well!
Futu critical support is around the 39 to 42 range. However due to sharp drop over last 2 days, I do foresee an upcoming technical rebound or some call a dead cat bounce coming soon before it heads down for 1 more leg to 40s range to test the critical support.
With that said, I have bought a call to catch the technical rebound and will switch over to a put after that and close it after it touches the next support.
Do share your thoughts as well!
4
2