$Tiger Brokers(TIGR)$ further down side risk is limited. The Q3 earnings growth was very good. 73% YoY revenue growth, nearly 300% income growth. if Robin Hood or Schwab were to have such revenue and profit growth they would trading at 30+ pe multiples. This was knocked out by short sellers and market makers in the option market. January calls have 300k+ open interest. It amounts to 30M shares.
Now that momentum players are gone it will slowly climb back to 11 $ range by the end of the year if it can successfully close above rising 200day moving average and falling 50 day moving average. So far the uptrend is holding after hitting a low of 8 during market correction. Most likely it will continue for next 2-4 weeks the typical time frame before losing the momentum.
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