Long FENG. Undervalued with 2 Take Profit opportunities It may take a bit longer but there is no doubt that this company will not disappoint...
1.4670 is a resistance level too *
FENG trade ideas
FENG LongWeekly Wedge breakout + Consolidation
Entry 1.5
Stop 1.0
Target 4
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
The synchrony no one expected Phoenix New Media Ltd.The algorithmic advisor Market Miracle reported last night the possibility of a LONG entry on the stock Phoenix New Media Limited listed to NASDAQ.
The Chinese company $FENG provides premium television content over a usable IP network then through the internet and digital devices.
It results from the analysis of some sites that I use as a reference absolutely below the fair value , which is positioned according to them around 22 usd.
The signal provided by Market Miracle provides the possibility of a LONG input at a price of 1.63 USD with a target of 1.78 USD or an increase of 9.5%.
In fact, analyzing the title on the chart this target seems to me decidedly reductive because from what I see on Miracle Viewer seems to want to experience a situation of perfect synchrony between the various players of the market that in the coming hours / days could be all with a LONG sentiment on the title, obviously if the typical cyclicity is respected.
If this happens we could have a positive surprise and see the price rise quickly beyond the barrier of 1.78 USD, in which case I expect a landing around 2 USD, if not the hope is that at least the target of 1.78 USD actually occurs
I decided to take a position also in the light of the fact that the last business reports have revealed a positive surprise of well 65% and the market sentiment negative that insists on the stock is in my opinion absolutely unjustified.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
Feng (Phoenix New Media) wave updated 12 March 2021Price of Feng (Phoenix New Media) is Squeezing and might exploding! after forming triple bottom...
FENG I think the target will be 2.8$FENG is uptrend above MOV50
RSI > 40 MACD will cross
CMF > 0
I think the target will be 2.8
FENG: Higher price rejection after Gap up (Red Candle)Higher price rejection after gap up
May retrace back to support
If confirmed:
PT = 1.59$
FENG - breakout after bounce from 100 MA?FENG looks very strong, could breakout again.
I wait for a breakout above 12.80, got stopped out lately around 11
FENG- slow but sure progressNice, bullish pattern- that reminds me of FB. It is above all MAs and a nice target that will give a double top.
