$Tiger Brokers(TIGR)$is nearing the end of the deathcross. In Sept I was bearish because I saw the deathcross appearing. Now the volume has dropped as compared to the period of Feb to June 2021. The price is consolidating. What Tiger needs is a major catalyst, i am guessing the easing of China is the no.1 catalyst that will propel the share price to over $10. The Second catalyst is the Q3 earnings. Although abit delayed, I am guessing the profit should be much better than Q2, since Q2 was having a loss due to their marketing and attractive 'presents' to new signups. But having said that, near term price (without catalysts) should be hovering around $6 to $7+. I am not a financial advisor, all opinions are my own and I do hold a small posit
$Tiger Brokers(TIGR)$All the bagholders, if you want the squeeze, pls just buy the ask price. For example now is at $7.27, buy at 7.29. keep buying upwards. The SP will then go up. Simple
$Tiger Brokers(TIGR)$actually not only the china govt regulation, tiger Q2 results are not that ideal. So many lost money here because the bulls keep pumping. Q3 EPS not likely to be good either, due to intense competition and now regulations set in. I won't be surprise Analysts gave a downgrade on Monday Like FUTU. So expecting another drop on Monday. if its me I will cut losses nowback at around $5. That way you won't be losing so much. For those still expecting a runup to $28...in your dreams. That is more than a 100% increase.
$Tiger Brokers(TIGR)$seriously for the bulls supporting, do you understand what the new regulation means? Yes, it was decided in August. But will kick in 1st Nov....The new regulation now target UP Fintech and FUTU to protect china citizen data. It mean they cant let them access overseas market. They can only use the platform for Chinese or HK market. It also mean a portion of their earnings will drop. this is not any financial advise, and I do hold a short position.