FUTU gapped up today and showed strength. I like it long if price can stay in and above the green box. Would not be surprised to see a move back to 130, but would expect a quick recovery. Targets would be 148 and 161. Not interested if price falls below 130 again. Risk management with this ticker is paramount as this is a high beta name which can make large swings.
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Quick pull back to 130 this morning then nice recovery closing at 138.75. My targets are 148 and 161 but it would be a good idea to trail stops at this point as it has already made a 10pt move.
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T1 hit pre market. I has pushed into the 618 so expect resistance here.
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Sharp sell off after touching the 618 back the 9ema where it bounced nicely. Tells me buyers wanted in and were ready at the 9ema. Look for a break of the 618 level for continuation.
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Broke 618 so next target is 160/161.
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Pulled back today and retested the 618, but held nicely. Stock still looks strong. 160/161 still in play.
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161 target hit.