FNKO NFT play is looking good on the breakout. This is a nice falling wedge breakout with a nice retest on FIB levels. I collect Superplastic NFTs and I can see FNKO doing something similar but actually attach physical pieces. If they can pass the regulation hurdles then they will get a huge increase in revenue streams. As long as the IWM is on the uptrend, FNKO...
What is Funko? is a pop culture consumer products company. It offers figures, plush, apparel, toys, vinyl, bags, wallets, homewares and accessories.
This could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
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Pra Trading :
- Please care for Money Management
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Attractive entry at $8 with a PT of $16. Lines up with $FNKO estimated fair value. Expect this to play out over the next 12-18 months as FNKO’s e-commerce / direct to consumer platform continues to mature + new.
I expect further value around 2022-2024 with the Marvels Phase 2.0 coupled with the (hopefully) return to steady blockbuster releases + PS5 games.
Analyst Erinn Murphy from Pip Sandler research firm upgraded Funko's stock from Neutral to Overweight with a price target lifted from $6 to $12.
chat with the company's president, CFO and head of IR led to the firm switching to a bullish tone. Specifically, the management team expects to show modest growth in the U.S. business in the fourth quarter while gross...
Funko strong bounce from the 200MA
Overall trend is still upwards, with the daily hammer, my thesis is it will climb back up inside the channel.
We can wait for pullback with the low of the hammer, below 200MA for the stop.
Or just manage your R/R.