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, volume dried up and price volatility contracted, again...
Going through the 5 chart elements theres a lot I like about this stock. What's not showing is the quarterly increase in sales (-18%, +23%, +346%) + increasing no# of funds invested (268/273/334/341)
Here is my take on FANG using 5 key elements for analysing charts. Strong stock in the current market environment, showing strong relative strength (RS) and breaking out of a cup base (36% depth, 14 weeks)
