Very soon FNKO will be ready for a long position
NASDAQ:FNKO
$FNKO::$10.8->$21.5::100%:Oct of 2023.
Does not constitute a recommendation.
#investing #stocks #idea #forecast #furoreggs
−3.92USD
−8.035MUSD
1.323BUSD
29.696M
About Funko, Inc.
Sector
Industry
CEO
Michael C. Lunsford
Website
Headquarters
Everett
Employees (FY)
1.466K
Founded
1998
ISIN
US3610081057
Funko, Inc. engages in designing, sourcing, and distributing licensed pop culture products. Its product lines include media and entertainment content, which refer to movies, TV shows, video games, music, and sports. It operates through the United States, Europe, and Other International geographic segments. The company was founded in 1998 and is headquartered in Everett, WA.
Long Trade in FNKOFunko took a beating in last year’s bear market, but the stock is quickly coming back to life.
FNKO surged on earnings last week and has given back almost none of the initial move.
Shares are barely retracing and doing so on minimal volume – a sign that no one is selling.
This trade is pretty si
FNKO (Funko) SHORT TF H1. TP = 8.32On the hourly chart, the trend started on April 13 (linear regression channel).
Since the trend is not over yet, there is a high probability of profit.
A possible take profit level is 8.32
But do not forget about SL = 9.74
Good luck!
Regards, WeBelieveInTrading
FNKO BUY++++ WAY OVERSOLD 15 RSI!FNKO dropped hard on earnings miss and guidance, but who hasn't? FWD PE of 7. This should dead cat bounce back to $11 in coming weeks. Purchased 50 in the money Jan 20, 2023 $7.50 calls
FNKO Accumulation signals 26% off 52 week high when markets drops over 30% and most leaders down over 50%.
Cup with handle pattern with accumulation signals from alpha bars.
Holding pretty good with this bear markets as well.
High relative strength.
10 W MA and 40w MA in converging.
We could see a very good move to the upsid
FNKO - Longs As per the chart,
Gone long on FNKO - Being honest, I think I got in a bit early but we shall see.
Successive higher highs and higher lows
Emerging from base
RSI New highs
Tight stop as always
will trend resistance = support? 👌lets see what happens, watching for longs if we use resistance as support then bounce.
but shorting can payout below 20.88
Funko outlookFUNKO
Trend:
Above 50,100 and 200 EMA
Positive ADX, DI above 20
Trend seems to be strong
Macro outlook:
Speciality retail
Funko is a leading pop culture lifestyle brand.
They provide connection to pop culture with a product line that includes vinyl figures, action toys, plush, apparel, board ga
FNKO Fnko, maybe missed this one for now.. but looking at the weekly could just be starting a good run.. held up well.
FNKO -> IPO Base FNKO was coming out of a broken IPO base. It rallied 50% off the lows and continually made higher lows (a constructively pattern for a long position). There was increase volume as the stock started to base out in March- on the left side of the base. As the stock made its way through the base pattern
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