Long Position on FUTU @ $32.00 on 10/28/2020 (Fundamentals)

Futu Holdings Limited (FUTU) operates digitized brokerage and wealth management platform in Hong Kong, China, the United States, and internationally.

The company's platform offers investing services, including trade execution and margin financing which allows to trade securities, such as stocks, warrants, options and exchange-traded funds in various markets; and wealth management services, which offers various leading fund products, including money market, fixed income, and equity funds products.

Its margin financing and securities lending services provides real-time and cross-market securities-backed financing services; and market data and information services.

Share prices should rise as this is a fast growing stock and institutional investors should invest in the holding companies large market capitalization.

Entry Point: $32.00

Trading Range: $8.16 to $40.99

Stop Loss: $30.40

Target Price: $35.20

Updates

11/6/2020 10:33:03 AM

FUTU closed at $36.19

Position closed on 11/6/2020 at price of $36.15 with a 12.97% gain in 9 days.

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