BLNK trade ideas
pump n dumpI got some crazy returns on this run ! i love this stock and hate to say im considering some puts under the trendline. you can see in previous runs how they dont last more than 2-3 months. we are on the 2nd month right now, its pullback time soon. remember what i always say, puts gotta eat too :) gl <3
$BLNK Blink Charging, Potential Pennant Breakout 👀👀
Pennant formed and we await breakout.
Alert set for break above $29.75.
Wise to also set alerts of trendline.
Major resistance remains at the 2017 pivot target $33.70.
We will reevaluate if we get to that level.
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BLNKI noticed this security some time ago, on a wild growth of 250% for a month (!), It reached a large resistance level, after which it began to form the Flag pattern (see the screenshot). This same pattern is a retest of a large resistance level. On Friday, the pattern took place - the price broke through the Flag, now the movement will follow the arrows - the first target is $ 35, after which there will be a small retest of the resistance level and turn it into a support level, and from there upward, the second target is $ 48.48 (+ 107%)
BLNK ready to take offMM set up the market perfectly on Friday, we saw a healthy pullback followed by a consolidation to validate the support.
BLNK loading up to reattempt ATH, has gained alot of traction since the pullback, TOP 100 moving on Robinhood.
Going long $30 wait for the retest to validate this level as a support.
If we fail to hold above $27 wait for the market to show you the trend and where the supply zone is.
BLNK Technical Analysis Update 11-24-20Price has retraced to the 38.2 fib level and if you want to enter a trade wait for price to retrace to the 61.8 and/0r the 78.6 fib levels. If it doesn't go down that far and jumps back up then the original plan would be in place. Wait for price to cross the 2.618 level.
BLNK | SHORT OpportunityNASDAQ:BLNK
Possible Scenario: SHORT
Evidence: Overbought RSI, Technically and fundamentally nothing happened during last 20 days for this company but the stock price jumped 400%.
Friday 20th Nov, it closed ~22$ and today Monday 23th Nov, it's price is ~37$,
Please share your comments about this.
It's just my idea and could be wrong 100%
BLNK Technical Analysis 11-24-20Price has certainly shot up out of consolidation and hit a previous key resistance level. If it blows past the 2.618 fib level ($35.53) on the daily chart it has another resistance level at the 38.2 fib level on the monthly chart (around $40). The next level of resistance is the trend line around the $46 price level. I would wait for a pullback to a key support level and then enter. However, this is a very strong uptrend signal and price may not pullback. If you are bullish on the stock then place a buy above the 2.618 fib level and let the market come to you. Target price would be the trendline at around $46.