Long Position on FRHC @ $63.75 on 9/2/2021 (Fundamentals)

Freedom Holding Corp. (FRHC), through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services.

The company offers investment brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; Margin Lending services collateralized by securities and cash in the customer's account; various investment education and training courses; and investment research services.

It also provides capital raising solutions for corporate clients through initial public offerings and follow-on offerings; and debt capital markets solutions that focuses on structuring and distributing private and public debt for various purposes, including buyouts, acquisitions, growth capital financings, and recapitalizations. In addition, the company is involved in trading, investment, and brokerage activities.

Further, it acts as an intermediary between borrowers and lenders of short-term funds and provide funding for various inventory positions; and employs repurchase and reverse repurchase agreements in proprietary trading activities.

Additionally, the company offers Tradernet software platform for client margin risk evaluation and for middle office security transfer requests. It operates in Kazakhstan, Kyrgyzstan, Russia, Ukraine, Uzbekistan, Germany, Azerbaijan, and Cyprus.

The company was formerly known as BMB Munai, Inc. and changed its name to Freedom Holding Corp.

As this stock forms a "bullish wedge" formation, share prices should be heading higher.

Entry Point: $63.75

Stop Loss: $60.75

Trading Range: $22.66 - $68.80

Target Price: $70.00

Updates

11/5/2021 9:56:02 AM

closed at $70.62

Position closed on 11/5/2021 at price of $70.63 with a 10.79% gain in 64 days.

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