Stock Analysis — Futu Holdings
Futu Holdings (FUTU), a digital brokerage platform focused on Hong Kong and China.
Fundamental :
30.1M Shares
Average EPS growth (last 3 quarters) : 55%
Last quarter EPS growth : +194%
Last quarter Sales growth: + 110%
ROE : 10%
Debt : 0%
Technical :
First base stage (IPO Base)
Volume : x2 average volume
9m shares (4m average)
Market cap : $1.18 Billion
Moving averages : Last price above 10 weeks and 40 weeks moving averages.
Entered a buy zone in June 2020 (20$-24$) with high volume (showing institutional accumulation)
SIMILAR PRECEDENT :
Facebook (FB), provides online platforms enabling members to stay connected with friends and family.
Price action :
Facebook made a similar pattern to Futu holdings (an IPO base with $45 buy point on September 2013)
The breakout occurred on high volume and the market was in confirmed uptrend
Facebook fundamentals were showing a similar growth to Futu holdings at the time with an increasing number of funds owning the socks after the breakout.
Performance :
The stock made a performance of 455% from the buy zone.
The stock bounced form the 20 months moving average (presenting additional buy opportunities)
The trade will be closed on July 2018 when the stock broke below the MA line
