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 *
−1.22USD
−14.47 MUSD
97.67 MUSD
5.51 M
About Phoenix New Media Limited
Sector
Industry
CEO
Yu Sheng Sun
Website
Headquarters
Beijing
Founded
1998
ISIN
US71910C2026
FIGI
BBG001NKNH59
Phoenix New Media Ltd. is engaged in the provision of media and advertising services through internet, mobile, and television channels. It also provides mobile internet and value-add, and video value-added services. It operates under the Net Advertising Services and Paid Services. The company was founded in 1998 and is headquartered in Beijing, China.
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 $FENG provides premium television content over a usable IP network then through the internet and digital devices.
It results from
Feng (Phoenix New Media) wave updated 12 March 2021Price of Feng (Phoenix New Media) is Squeezing and might exploding! after forming triple bottom...
FENG I think the target will be 2.8$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$
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