TIGR trade ideas
Long TIGR (Maybe Double Up)
NASDAQ:TIGR is a fintech company incorporated in Singapore and headquartered in Beijing. Think HOOD for asian markets, and having direct access to those equities. From the chart you can see they clearly align with the China trade and do get a huge boost if we see China's market pick up.
Current Position:
Average Share Price $5.87 and continuing to buy this up.
Options
$6 12/20/2024
$4 01/17/2024
$5.50 04/17/2025
$5.50 01/16/2026
$5.50 01/15/2027
Still adding. I think $10 is pretty likely even in the short term, but obviously taking some long plays as well, and just picking my spots to grab options when IV is reasonable and I can get some deals. If the China / Asia trade gets some legs, I don't think $20-$25 is out of the question.
My Reasoning
They just did a pretty sizeable offering Oct 23 at $6.25 of 15 million shares, with underwriters getting the opportunity to buy an additional 2.25 million in the 20 days after the offering. (Which they did). This caused approximately 10% dilution to existing share holders. Share price held up pretty well and already trading well above the offering, even while the rest of China continues to downtrend or chop.
2024 Q3
- Revenue: $101 million - record high (44.1% year-over-year increase).
- Net Revenue: $30.84 million - the highest in 3 years (15% year-over-year increase).
- Net Income Attrib. to Ordinary Shareholders: $17.8 million (34.0% year-over-year increase).
- Assets under management: $19.8 billion (115.9% year-over-year increase).
- Funded Accounts: 1,035,000 (19.3% year-over-year increase).
- Total Accounts: 2,370,000 (10.2% year-over-year increase).
- Trading Volume: $163 billion, (103.1% year-over-year increase).
- Net Profit Margin: 17.6% (-1.3% year-over-year decrease).
All while the Asia trade has been pretty much a no go.
In January 2024 they were issued a Type 1 license (Allowing crypto on the platform) and in July 2024 they got Type 9 license (Allowing client asset management services). Two other brokerages have also been given Type 1 licenses in 2024 FUTU and HKVAX (HKVAX also got type 7 for automated trading).
FUTU is a significant competitor with 12x the market cap of TIGR, 2x the assets under management (grew 40% year-over-year), and 4x the revenue (grew 29% year-over-year), and greater brand recognition. But with 12x the market cap and lower growth numbers, TIGR seems like the better play for now, although I might add some FUTU as well.
TIGR has not released specific geographic breakdowns but they have mentioned 75% of funded accounts are outside of mainland China (Q1 2024). Singapore, New Zealand, Australia, United States all mentioned as growth stories.
They have a sizeable user base now, and growing rapidly. If you are long enough term you also just have the cultural tides in your favor as Asia, India are seeing retail investor participation increase rapidly.
I look at this and see a double up just based on the companies growth story while Asia trade has been less than ideal . If we get an actual China pump 2.5x, 3x not out of the question.
Risks
I mean China right, TIGR is incorporated in Singapore which is slightly better and analysis would lead me to believe that a majority of their assets under management are in Singapore but we all know China could yank a license, attack Taiwan, or do some other bull and send the stock tumbling. It's a foreign company, the reporting requirements are different, more opaque, and harder to analyze. Other risks include just the history of the company, offerings are not super rare occurrences and the balance sheet historically is not pretty. This was not a well oiled machine from the beginning. Still a chance management blows it, you also have real competition with FUTU.
However, you can't just luck into the numbers above so things are changing. IMHO.
New Setup: TIGRDivergence Play
TIGR: I have a setup signal(green dot).I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP 100%).
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Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level(3).
TIGR UP Fintech Holding Limited Options Ahead of EarningsIf you haven`t bought TIGR before the previous earnings:
Now analyzing the options chain and the chart patterns of TIGR UP Fintech Holding Limited prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $0.72.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TIGR | InformativeNASDAQ:TIGR
Trend and Key Levels:
Downtrend: The stock is in a long-term downtrend, indicated by the descending trendline.
Support Levels: $4.03 to $4.25
Resistance area: $4.91 to $5.01.
Candlestick and Volume Patterns:
Recent Activity: Mixed sentiment with the latest candle being bearish, suggesting potential selling pressure.
Volume: Fluctuates with spikes during significant price movements.
Current Position:
Bullish : Break above $4.91
Bearish : Drop below $4.03 could target $3.51.
open gaps belowus gonna impose 100% tarifs on chinese ev's.
they gonna sell tik tok.
economic war happening rn.
may buy at the $2.75 to $3 range
sad - i like this stock
TIGR: Getting ready to ROAR!!A close above the previous week's high will set the counter up for a move to $15. To maintain confidence in the setup the price should stay within the channel. ADX is showing strength in the move-up. An entry can be made now with a stop-loss at $3.42.
TIGR long continuationTIGR looks set to continue long, on break of 5.41 can take a long with min risk
tigr showing continuation strengthTIGR showing continuation to the upside. currently in a 1 hr resistance level but bullish
Q3 Results - Management believes TIGR has avhieved profitability
Q&A Notes
CICC New accounts by Geography: Singapore: 45% AU & NZ: 25%, US: 20%, HK:10%
Updates on mainland regulation : Dec 2022 requirement set forth by CSRC.Remediation report Submitted report in Jul
Mainland China App removal : Overall, China mainland retention rate is close to 99%, accompanied by net asset inflow despite mark-to-market loss of HK, Chinese Tech ADRs
HK Marketing Strategy : . 3000 (10% composition) Q2 23 vs 1000+ (~5% composition) Q123 -> To invest more in corporate branding to increase awareness
Key functionalities : No commission/platform fee, offer fixed investment plan, fractional shares, US-denominated money market funds, HKD-denominated money market funds for rate hike cycle, HK clearing licence
Customer Acquisition : Lowered to $162 USD per account in Q2 23. Breakdown: Advertising channel commands 2*Average CAC,so significant organic growth
Profitability : Non-GAAP profit $15m, a record for company. Relatively fixed cost base → high operating margin. Management believes break even achieved, assuming no extreme market swings
$7.1MM USD non-operating income line item : Management response is ~50% from FX gain due to USD appreciation, pure accounting item, ~ 50% from Financial Instrument gains (Treasury management) → should be sustainable into the next few quarters
TIGR UP Fintech Holding Options Ahead Of EarningsIf you haven`t bought TIGR here:
Then you should know that looking at the TIGR UP Fintech Holding options chain ahead of earnings , I would buy the $3 strike price at the money Calls with
2023-4-21 expiration date for about
$0.24 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
TIGR 02/17 4PChinese penny stock, a borker deal let chinese trade u.s stocks from mainland, which is illegal in china
The China SEC warn TIGR, which caused a big gap down on daily chart.
It is popping with small volume, I took some 2/17 4P puts. It may pops to 4.2 level
Bearish on the long term and believe this penny stock will go to $1 eventually
however, short term anything can happen
Q1 start will drag index, which may help my position.
I always assume my position is wrong at beginning, so i will take the lose and accpet it. the best loser wins
Is this a falling wedge?I can't understand if this chart shows a falling wedge because the price brake the support line insted of ressistance. Dose sombody ever encounter something like that in the past. Is there a way to confirm the falling wedge?
Thanks!
TIGR UP Fintech Holding Options Ahead Of EarningsTIGR is the Robinhood of Asia, i would say. HOOD has 22.8 million users as of March 2022, for a mk cap of 7.89Bil, while TIGR has 551Mil mk cap and customer accounts totaled 1.9 million. so from those metrics alone TIGR is undervalued. now if we look at financials, TIGR has positive earnings, while HOOD is still losing money with negative earnings of 3.69Bil last year. but being a Chinese company also weights in and that`s why people are afraid to invest in TIGR. overall, by the end of the year, i think it`s safe to assume that TIGR can touch $5.5 - $7 if China doesn't invade Taiwan.
Looking at the TIGR UP Fintech Holding options chain, i would buy the $5 strike price Calls with
2022-10-21 expiration date for about
$0.07 premium.
Looking forward to read your opinion about it.
TIGR AnalysisPrice is currently consolidating. As per my last analysis, I'm expecting the lows at 3.04 to be taken. On 26 Aug, we have a push up in price, but the bullish momentum is not sustained and price went down, closing below the opening price. Right now, my expectation is unchanged and price should be going to take the lows at 3.04.
TIGR AnalysisPrice played out exactly as analyzed. Price took liquidity at 3.68, potentially going for the liquidity at 3.04 next. As the price took liquidity at 3.68, the price mitigated the bearish POI at 3.79 and reacted well to the downside. I'm expecting price to continue to the downside.
TIGR AnalysisPrice is on a consolidation. Price has been building both buy-side and sell-side liquidity. Current price action suggests more downside as we previously took lower time frame sell-side liquidity and the price is unable to push and break market structure to the upside. Subsequently, we have the buy-side liquidity taken and price is currently trying to break market structure lower to the downside. If we see a clear break of structure to the downside, we can see the lows of 3.68 getting targeted.
TIGR Recurring Double TopsA chart for TIGR.
Double Tops can be seen in red.
Recoveries can be seen in green.
I have hope that the higher low recently created will lead to a new bullish cycle for TIGR.
This is the Weekly Timeframe
Bias more on upside. 20th March 2022
Green solid bullish engulfing candle in weekly chart.
Eying next resistance at $11
Up Fintech Buy swing trade $TIGRHey all, TIGR shows some strength here. We can expect a bounce to $13.
Targets: 6.1, 7.5, 11, 13. Moving stop loss after the price reaches the first target.
Not financial advice. Do your own analysis/research.
UP Fintech Holding (NASDAQ: $TIGR): Strong Choice For 2022 💪UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform; and account management services. The company also provides trade execution, margin financing, and securities lending services; asset management and wealth management; ESOP management; fund license application, product design, asset custody, transaction execution, and funding allocation; fund structuring and management; and IPO underwriting services. In addition, it offers market information, community engagement, investor education, and simulated trading services. UP Fintech Holding Limited was founded in 2014 and is based in Beijing, China.
TIGR - Is the Selloff Finally Over?NASDAQ:TIGR Breakout imminent along with a double bottom bullish pattern on a strong support level.
Current candle has broken out of downtrend but the next candle that follows is key to get confirmation of this breakout.
Longs can choose to enter once next candle respects the new resistance-turned-support.
Conservative longs can choose to enter once price pulls back and retests new support for a better RR ratio.
Regardless, longs are in for a highly attractive RR if we get confirmation and breakout holds as we move to higher levels.
Nearest resistance level is that of the previous double top levels (~$7.54).
Would advise to exit or take profit on trade before earnings.
