If you’ve ridden the New York City subway recently, you’ve seen the bright orange Moomoo bull staring back at you — or maybe it caught your eye at Citi Field.
Either way, Moomoo has become a recognizable brand in the U.S. — even though its parent company, Futu Holdings $FUTU — is headquartered halfway across the world in Hong Kong.
Futu operates a digital brokerage and wealth management platform and has emerged as one of the real winners of Asia’s retail investing boom — an exciting new megatrend.
Through Moomoo, it’s expanded globally — offering trading access across the U.S., Hong Kong, Singapore, Japan, and Australia — with an interface and pricing model built for the new generation of global investors. This is DeFi at its best.
Think of FUTU as the Robinhood of China.
And right now, it’s looking just like it as the stock flirts with a major breakout to new all-time highs:
FUTU is pressing on its prior-cycle highs — in the same kind of deep base we’ve seen resolve higher in other fintech, spec-tech, and China names, all cycle long.
It’s hard to bet it will work out any differently for this one.
FUTU sports one of the cleanest setups on the tape right now… and it comes with a legitimate growth story.
If you’re looking for some high-beta exposure to China… look no further.
I’m buying FUTU on a breakout above 200 and targeting 310.
Happy Thursday,
Steve
We’ve been trading the new bull market in China for big profits. In fact, some of our best trades this year have come from the likes of Alibaba and Baidu— the Amazon and Google of China. I’m thinking our next homerun could come from the Robinhood of China, so we’re stalking the price action and the options chain in FUTU right now.
