Base on Technical Analysis, after FUTU did a fake breakout, the price is trading at 145$.
FUTU is trading sideway in 17 weeks on the weekly chart. I believe FUTU would backtest the strong support level at $130, and then bounce to the $200 as the previous ATH.
Therefore, I would enter FUTU in the $120 - $130 range when the price action is a bullish candle, my minimum target is $200.
I believe it would make an ATH at the end of the year.
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This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.
FUTU is trading sideway in 17 weeks on the weekly chart. I believe FUTU would backtest the strong support level at $130, and then bounce to the $200 as the previous ATH.
Therefore, I would enter FUTU in the $120 - $130 range when the price action is a bullish candle, my minimum target is $200.
I believe it would make an ATH at the end of the year.
-----------------------------------------------------------------------
This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.