FNKO 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**
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**