FOMO

Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>In the 52 weeks time frame, HKD stock’s highest traded price was $385, and its lowest traded price was $6.10.&nbsp;</a> </li> 
 <li> <span>2</span> <a>NYSE: HKD stock shed 27% in the past six months.</a> </li> 
 <li> <span>3</span> <a>In September 2022, AMTD Digital collected $285 Million in its venture round.</a> </li> 
</ul> 
<p>NYSE: HKD stock lost 27% of its trading price in the past six months as of the August 11 trading session. Buyers were more active, but the trading price did not reflect any significant change. It opened at $6.62, lowering to $6.62, it hit a high of $6.66 and closed trading at $6.62 with an intraday trading volume of 540.999k.</p> 
<p>In the past 52 weeks, HKD stock’s highest traded price was $385, and its lowest traded price was $6.10. AMTD Digital, Inc. has a market capitalization of $1.267 Billion, and its share average trading volume is 655.994k.&nbsp;</p> 
<p>HKD stock lost more than 96.99% of its trading price yearly. At press time, HKD share was trading below the 50-day and 200-day exponential moving averages (EMAs).</p> 
<p>Revenue is primarily gathered from the SpiderNet Ecosystem Solutions, Digital Financial Services including Corporate Segment. The company operates in Hong- Kong.&nbsp;</p> 
<p>Data on Crunchbase states that AMTD Digital, Inc. acquired three companies, including DigFin in 2021, FOMO Pay in 2020, and PolicyPal on March 17, 2020.&nbsp;</p> 
<p>In September 2022, AMTD Digital collected $285 Million in seed rounds. Infinity Power Investments, Greater Bay Area Homeland Development Fund, Maoyan, and many others majorly funded the company.</p> 
<h2 class="wp-block-heading" id="strong-nyse-hkd-stock-price-analysis-strong"><strong>NYSE: HKD Stock Price Analysis</strong></h2> 
<p>In the past four trading sessions, buyers were aggressive. If buyers continue to dominate, HKD stock price might face the immediate resistance level of $7.44 and the next possible resistance of $9.20.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/Kqt8fmafGgVMW4luenqFAh3XpQ_FckTfvzWM1Astucw-iV16wrLQRnijsJDkToSwzHcxwRi__c2Y0TBLfQtJESlbpmlRR_1TEua8ck9ZRD3GGwqiolmepBvzm6H8J-WA6C63LYo74_CYU_qTLOR3Gw" alt=""> 
  <figcaption class="wp-element-caption">
    Source: HKD stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>If sellers show interest, HKD stock might face immediate support at $6.10. If their dominance continues, HKD share price will register a fresh 52-week low.&nbsp;</p> 
<p>After a long gap, the markets are going to open on August 14 Monday, and it is assumed that the HKD stock price might open below its last closing in this trading session.</p> 
<p>In the financial year 2022, <a href="https://www.thecoinrepublic.com/2023/08/10/nio-stock-slipped-over-4-intraday-might-surge-post-q2-earnings/" target="_blank" rel="noopener noreferrer nofollow">AMTD Digital, Inc</a>. gathered $196.96 Million in revenue and around $214.28 Million in net income. The reported revenue in 2022 constituted 45% of earnings before interest, taxes, depreciation, and amortization (EBITDA), 41% of earnings before interest and taxes (EBIT), and 109% of net income.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<ul> 
 <li><strong>Support Level:</strong> $6.10&nbsp;</li> 
</ul> 
<ul> 
 <li><strong>Resistance Level: </strong>7.44 and $9.20.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Technical analysis of HKD stock shows that over the past 16 trading sessions, the trading price was consolidating in the range between $6.92 to $6.57. As per estimates, there are possibilities of a surge by the end of the week.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

NYSE: HKD Stock Significantly Declining; Buyers Seem Afraid

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Thecoinrepublic.com

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