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Strategies & Market Trends : The Art of Investing
PICK 46.18-0.3%Nov 14 4:00 PM EST
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To: Sun Tzu who wrote (4450)6/18/2022 1:08:18 PM
From: Rarebird1 Recommendation

Recommended By
Sun Tzu

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FUTU is a Hong Kong based stock. I was in it last year and hit a five bagger on it in 3 months or so. The impetus behind that move was TCEHY took a position in FUTU.

FUTU is a capital Markets stock and brokerage stock. The stock fell from around $200 to around $21 a couple of months ago. It has since rallied to the mid 40s. The stock has bottomed and is very volatile. 6-8% daily moves are not unusual. But I see higher prices.

You are a chart guy so check it out. It has held up very well over the last couple of months.

Don't get alarmed if it goes down 6 -8% in a day; it snaps right back.
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