$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.
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 :( .
Another NFT play which seems to be the one with the biggest moves so far. If you know any other NFT tickers with bigger moves please let me know. It is holding the price above recent breakout level well. I wish I paid more attention to this stock but I was all held up and obsessed with FNKO (good value stock to me but not good for the past few months if you want...
This is one that I really look forward to. My conviction is fueled by the following:
- Belief in small mid caps outperforming following weeks
- Observation that new IPOs breaking out of downward wedge seem to be high probability plays
- All the short squeeze momo plays have a high chance of rotating into weed/shroom stocks.
- I think it has consolidated enough...
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.
This thing has been sideways for like forever. I bought due to some fundamentals dd on reddit, holding calls which was up 20% at one point but now down 50% urgh. Can't see anything much from the chart (if you do please share what you see) I think it needs real good news to send it popping.
I know it seems too early to say but I believe $OSTK will successfully breakout of this wedge this time round. It has tried and failed several times previously. I like to buy near support so I already have a position to manage. And If the breakout is not successful this time I will get stopped out at double digit upside. But honestly with small mid caps starting...
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...