It may take a bit longer but there is no doubt that this company will not disappoint... 1.4670 is a resistance level too *
Weekly Wedge breakout + Consolidation Entry 1.5 Stop 1.0 Target 4 Risk management is much more important than a good entry point. The max Risk of each plan should be less than 1% of an account. I am not a PRO trader. I trade option to test my trading plan with small cost.
The algorithmic advisor Market Miracle reported last night the possibility of a LONG entry on the stock Phoenix New Media Limited listed to NASDAQ. The Chinese company $FENG provides premium television content over a usable IP network then through the internet and digital devices. It results from the analysis of some sites that I use as a reference absolutely...
Price of Feng (Phoenix New Media) is Squeezing and might exploding! after forming triple bottom...
$FENG is uptrend above MOV50 RSI > 40 MACD will cross CMF > 0 I think the target will be 2.8
Higher price rejection after gap up May retrace back to support If confirmed: PT = 1.59$
Wave 3 should take it to $9++
New 5-Wave Up. Target $9.86
FENG looks very strong, could breakout again. I wait for a breakout above 12.80, got stopped out lately around 11