Funko back to channel
Updated
Hey
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.
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.
Note
It's been a week now and it is still hovering at +/-20.I had an entry at 21, with a reasonable stop .
Let's see what happens.
Note
Reversal Signals to go long here today1. Back up at 200MA
2. Broke that 20.2 significant level
3. Heikin Ashi Daily Chart shows doji from downtrend, sign of reversal
4. 20 level held good for about a week. Seems like this is the bottom.
Good luck!
Trade closed: stop reached
SPY is not cooperating.Flushed to 19 and got stopped out.
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