FUTU Swing

 




Reset trade for me. Back in as it got better. Huge D candle to close out the day. Was in on flag breakouts all day. Closed near highs. Still hasnt broken big TL, could see a monster move here. 15% short float adding some fuel + industry. 

ATH anch vwap at 43.20 will probably come into play tomorrow. Big TL break will happen probably around 43.80ish and is also a 50% retrace so well have to see how strong this name is if we can get through them. A+ start for it. 

This name also has a history of selling off hard and fast any rallys that happen to it. If we do get failure patterns tomorrow, I need to be real cautious. Take the trade off for profit and look to reset it. No need to give it all back, just get back in when its better. 

Out if failure + market weak + cant hold 41.75

2nd day

Huge jump start at open. Made ATR and then some move to BO level, didnt quite see blast off so held through pb, made new high, now waiting to take one off. 

And made it to next bo level at 47, will take another off. This is well overdue for a big 2pt pb. Almost 2ATR now. Short float only 15% so not expecting huge anything like this. 

3rd

Big gap day for china stocks. FUTU as well. Made push just short of ATH. Will hold for it. 

Did not see much strength today, no surprise, not during china bull run either. As market collapsed we eventually lose all but LOD. I exited all. May be able to find a way back in but protecting here. 

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