Futu Holdings Ltd

FUTU remains in a Stage 4 decline characterized by persistent lower highs and lower lows under declining EMAs. The active Post-Capitulation pattern signals that selling pressure has largely exhausted, but no stable base has formed. Short-term price is range-bound below the 9/21 EMA cluster, offering no favorable sell entry at current levels. Medium-term bias remains bearish, and execution should be deferred, trimming on rallies into resistance around the EMAs and recent minor highs.

• ↑3.59M funded accounts (+34% YoY) with 950K new Q1 additions
• ↑Q1 revenue HK$5.9 billion (+25% YoY) driven by high trading volumes
• ↓Q1 net income HK$831 million, down 61% YoY on compliance fines