Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NYSE: HKD stock lost 6.35% of its trading price in a month and in 6 months, the price shed 23.11%.</a> </li> 
 <li> <span>2</span> <a>A bounce to retest the trendline toward $60 is expected and the MACD indicator suggested a bullish crossover showing minute positivity .&nbsp;</a> </li> 
 <li> <span>3</span> <a>In the 52 weeks time frame AMTD Digital Inc stock traded highest at $385 and its lowest trading price was $4.80.&nbsp;</a> </li> 
</ul> 
<p>AMTD Digital, Inc.(NYSE: HKD) is a holding company, which engages in the development of digital solutions applications under AMTD SpiderNet platform. HKD stock price has been following a downward trend since the beginning of this year. But in year-to-date (YTD) price analysis it lost 38.16% to its trading price.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-hkd-stock-price-analysis-strong"><strong>HKD Stock Price Analysis&nbsp;</strong></h2> 
<p>At press time, <a href="https://www.thecoinrepublic.com/2023/08/21/hkd-stock-slipped-more-than-20-whales-dumping-stakes/" rel="noopener noreferrer nofollow">HKD stock</a> was trading below the 50-day and 200-day exponential moving averages. A major gap up could be seen on the August 28 trading session.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/MNYOnuZZtxtY2C0Dbj42q9W2o0BMIUnxFO0f5ytG8xtDLHYWeGSB7-Z30oCQmlIJ5hM8n_2LVaV3UiBxG6QVEjMr-pvvFP9LpuFA3A2ics7dQfFepwY2cdf1RUiXYCUGElIT0jb8nl9oWbMzJHETMKM" alt="HKD Stock Aim to Retest Trendline Toward $6.44 After 6% Decline"> 
  <figcaption class="wp-element-caption">
    Source: HKD stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>The bearish momentum continued till January 4. But on January 5, HKD stock added $19.95 to its trading price and on August 7, a 35.14% breakout was seen. Since then the bearish momentum continued.</p> 
<p>The RSI is parallel to neutrality and the signal line is on the main line. A bounce to retest the trendline toward $6.44 is expected. The MACD indicator suggested a bullish crossover showing minute positivity .&nbsp;</p> 
<p>Moreover, the signal line is far away from the MA line indicating that buyers are trying hard to retain the momentum. If buyers continue to dominate, HKD stock price might cross the $7 mark</p> 
<p>Between Feb 14 and August 14, HKD stock seems to be consolidating in the range between $6.10 and $7.44. In the 52 weeks time frame AMTD Digital Inc. stock’s highest price was $385 and the lowest price was $4.80.&nbsp;</p> 
<p>At press time AMTD Digital Inc had a market capitalization of $1.185 Billion and the average trading volume 6.08 Million. Over the month, HKD stock price shed 6.35% and in 6 months, the price declined over 23.11%.</p> 
<h3 class="wp-block-heading" id="strong-2022-result-update-of-amtd-digital-inc-strong"><strong>2022 Result Update of AMTD Digital Inc.&nbsp;</strong></h3> 
<p>In the financial year 2022, AMTD Digital Inc. reported $196.96 Million, from which the company’s net income was $214.28 Million and the operating income of the company was $43.06 Million.</p> 
<p>The company’s generated revenue earnings before interest, taxes, depreciation, and amortization (EBITDA) was $88.07 Million, which is 32.20% more than its previous EBITDA.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</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 or stock comes with a risk of financial loss.</p>

HKD Stock Aim to Retest Trendline Toward $6.44 After 6% Decline

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Thecoinrepublic.com

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