FNKO Long Looking to hold to the 127 area. Will trail stop after securing 2.5R, as there is a big gap to fill up to the 127. Based on Fib and candlestick pattern.
FNKO trade ideas
On the Watchlist: FNKO and HLFNKO entry was at $6 and $HL was at $5.28. Target: 15 to 20%+. FNKO currently has had alot of resistance and is on alert for likely to pickup support. HL recently dipped along with the rest of the market. I am bullish on both with some mid to high risk diversification. That being said, do your own diligence and invest at your own risk. Please consider everything I say as on an opinion based basis.
$FNKO Inc On Watchlist for breakout
Potential long entry above $6.60
Upside target $7.50
Ascending triangle forming.
Indicators are bullish and up-trending.
Volume steadily rising.
FNKO - Fallen angel formation long setup Fallen Angel. No insiders. Possible long above 5.93, Stop signal 5.43. Momentum long setup. Target 1 7.87. Target 2 Momentum.
FNKO LongTrade Idea based solely on using the force and baby Yoda powers...May the Force be with you.
FNKO AnalysisFNKO has been in a free fall for the past few weeks due to analysis downgrade and weak Q4 guidance. However, I've illustrated a few different ways this chart can start to develop if a bounce is to happen, which I see, as the companies fundamentals are still in tact.
COA 1: FNKO starts to develop a symmetrical triangle pattern of higher lows and lower highs in which we'll see a bounce soon in the $13 area.
COA 2: FNKO is developing a large range and heading down to the $10-$12 area before finding support.
COA 3 (not likely): If we break support at the $9 area and trade below then FNKO has more downside potential.
**Please trade at your own risk**
Funko back to channelHey
Funko strong bounce from the 200MA
Overall trend is still upwards, with the daily hammer, my thesis is it will climb back up inside the channel.
We can wait for pullback with the low of the hammer, below 200MA for the stop.
Or just manage your R/R.
Upgrades and insider buying bode well for FunkoFunko had a substantial insider purchase on September 5, hired a new board member, and has had a lot of analyst upgrades recently. It now has a 9.1/10 Equity StarMine Summary Score. It's also rated highly undervalued by S&P Capital IQ. With several recent earnings beats, all indicators are good for this stock. Watch for a breakout above the ascending triangle.
Keep Your Eye On The Bouncing BallLooks like a trend to me (hint....look at support and resistance).
FNKO Pull Back Reversal Bullish!!!I am by no means a financial advisor I have simple words on my charts explaining what I think the market is telling me based off what it shows me.
Funko bullish breakoutFunko just broke out above a critical resistance level. Not a lot of resistance from here up to 2018 highs of $31 per share. It's got pretty good analyst ratings, growing earnings, and a history of earnings beats. It next reports in early August, so plenty of time to run.
Price Breakout after decreasing RSIThe stock breaks out the price range after decreasing volatility. I bought 40% of position at 24.92 in June, 20. And I would put the rest of position depending on the market move.
FKNO Inverted Head & Shoulder PatternPotential Inverted Head & Shoulders could play out a bullish move for FKNO and push price levels to the $23 - $24 range.
FNKOBroke through resistance. EMAs curling bullish pointing towards reversal. MACD bullish cross potentially in the works. Good volume on pierce of resistance.
FUNKO Nicely trendingStill long Oct19 22 1/2 calls :-) Will watch closely but expecting to continue trending!
