Price is consolidating inside previous months range. Also within previous weeks rang. Is also sitting on the .618 of monthly high low pivot range. Watching for a break out of weekly consolidation.
$fnko did break out of the falling wedge, want to see this green candle intact going into this week's closing. Another thing I am looking to see is volume... Volume is low both on weekly and daily... Which makes me really unsure
I think $FNKO may be headed to do what the title says.. I should have sold at resistance but no I did not because of FOMO. That's alright I still have strong conviction that this will rally on rotation into small caps, and that it will rally BIG because of its NFT business.
$FNKO.. should be good to rally once IWM picks up... Just a disclosure this is one of my high conviction plays and I got in at a bad entry point... Should have waited...
This looks like it might retest the base of the falling wedge... Which I won't like. Want it to break out of the purple soon. RBLX had a similar move after breaking out of a falling wedge. These consolidations are very choppy.
I initially posted on $FNKO breaking out of falling wedge (see green lines) but now it seems to be failing. Need this to break out of the purple line soon or we might see this going all the way down to bottom of green falling wedge :( .
Seriously seeing this go down 3 days in a row really affects me psychologically man. But I am sticking to my fundamental beliefs and hopeful outlooks for NFT stocks to pop. Got an upgrade today too so it may help with price.
Want to see $FNKO close above 18.77 today. Very bullish if this happens, especially with all the NFT craze happening. FNKO's first NFT release has been HOT. Will average up if I see positive price action.
The only problem is this could be a weak stock because I have been trying to trade this the past few months and it seems like it has not been able to get love...
🟢 $FNKO Target 24.11 for 22.95% (Risk Level - Med)
Or next double position at 15.11
-----
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double...
$FNKO Target 26.13 for 20.8%
Or double position at 17.13
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before...
FNKO ( Needs to break 25 with volume, broke out from earnings and pulled back and testing key level)
Key Level :24.67 -25.00
Upside: 27.00/ 28.61/31.44/34.66
Downside/Support : 23.82/22..85/22.17/21.49
Float : 18 million
Market Cap - 982 Mil
***Needs Volume***
Small cap with very unic products for kids and adult for play and collection. Now they are very interested on release products as NFT's. Last Q1 2021 report growth on sales from 200 to 248 Million USD (+24%) compare to Q1 2020.
FNKO ,showed up on my scanner for stock that's making new high, waited for a pullback and scale in average around 23. now looking to scale out half for profit at 27 if we can get there. NASDAQ:FNKO
Contextual immersion trading strategy idea.
Funko, Inc., a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next...
Funko, Inc. engages in designing, sourcing and distribution of licensed pop culture products. Its product lines include media and entertainment content, which comprises movies, TV shows, video games, music and sports. The company was founded in 1998 and is headquartered in Everett, WA.
NASDAQ
