The technical summary data tells us to buy FUTU near 115.92 with an upside target of 138.02. This data also tells us to set a stop loss @ 115.59 to protect against excessive loss in case the stock begins to move against the trade. 115.92 is the first level of support below 121.79 , and by rule, any test of support is a buy signal. In this case, support 115.92 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of FUTU as it gets near 138.02 with a downside target of 115.92. We should have a stop loss in place at 138.42though. 138.02 is the first level of resistance above 121.79, and by rule, any test of resistance is a short signal. In this case, if resistance 138.02 is being tested, a short signal would exist.
Swing Trading Plans for FUTU
If 125.59 begins to break higher, the technical summary data tells us to buy FUTU just slightly over 125.59, with an upside target of 138.02. The data also tells us to set a stop loss @ 125.23 in case the stock turns against the trade. 125.59 is the first level of resistance above 121.79, and by rule, any break above resistance is a buy signal. In this case, 125.59, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of FUTU if it tests 125.59 with a downside target of 118.27. We should have a stop loss in place at 125.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 125.59, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for FUTU
If 121.92 begins to break higher, the technical summary data tells us to buy FUTU just slightly over 121.92, with an upside target of 125.59. The data also tells us to set a stop loss @ 121.64 in case the stock turns against the trade. 121.92 is the first level of resistance above 121.79, and by rule, any break above resistance is a buy signal. In this case, 121.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of FUTU if it tests 121.92 with a downside target of 119.61. We should have a stop loss in place at 122.2 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 121.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
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With an objective approach to Futu Holdings Limited (NASDAQ: FUTU), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.
Warning:
This is a static report, the data below was valid at the time of the publication, but support and resistance levels for FUTU change over time, so the report should be updated regularly. Real Time updates are provided to subscribers. Unlimited Real Time Reports.
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