BLNK trade ideas
false cup with handle?Noticed the cup with handle formation, but noticed that there isnt any volume spike to confirm the cup with handle towards the end. Not sure if i want to get in rn with MACD looking bearish.
Back burner set up if pennant occursThis is a nice set up to play a potential pennant. We can see that it is in the processes of entering a tightening range and with all of the crazy with EV and the infrastructure demand I doubt this will break below and it may pay off to wait for price to come down to 7 or less if you're interested in getting in this company. Of course I'm not going to have my limit orders set but wait for clear signal when it reaches those levels on a lower timeframe before entering.
BLNK Chart look like an uptrend channel. Had a position in this company earlier this year but after i made my profit i got out. Have recently seen news about BLNK and Chargepoint. With California going all electric by 2035 These 2 companies can benefit alot in the future. For now i will stay out, but will keep my eye on it. Like Chargepoint more. Any feedback appreciated.
BLNK LevelsWith a break in 50 day SMA NASDAQ:BLNK has moved to it's next important level of support. NASDAQ:TSLA promised some large advances over the next 3 years in the EV and electric power scene and has sent the whole EV sector into a short term tumble. BLNK has faced a short term downside, however in the longterm, cheaper materials, quickly advancing technology, and election year will likely make this sector a winner. Big names like NYSE:GM have began to lay groundwork for their own cost sensitive EV. The only question is when the bounce will happen. There is a lot of downside if support breaks today. The curved line is the path post correction.
Possible Head and ShouldersThey had great news, sold 539 electric vehicle charging stations, 100% increase in sales over last year but it looks like its forming a huge head and shoulder on the daily. We will see what happens. I really thought it was going to get back over $10.00
BLNK BuyFirst insider buying since 2 years.
2020-09-02 13:03:33
2020-09-01
BLNK Marks Kenneth R. Dir P - Purchase $6.97 +10,000 11,300 +769% +$69,725
2020-08-27 10:00:14
2020-08-25
BLNK Levine Jack Dir P - Purchase $8.30 +10,000 70,287 +17% +$83,000
2020-08-26 15:49:16
2020-08-25
BLNK Levine Jack Dir P - Purchase $8.00 +10,000 60,287 +20% +$80,000
2020-06-26 11:22:19
2020-06-25
BLNK Levine Jack Dir P - Purchase $2.72 +5,287 50,287 +12% +$14,380
2020-06-24 17:00:12
2020-06-23
BLNK Levine Jack Dir P - Purchase $2.77 +20,000 45,000 +80% +$55,400
2020-06-18 17:00:16
2020-06-17
BLNK Levine Jack Dir P - Purchase $2.40 +25,000 25,000 New +$60,000
2018-12-06 06:26:41
2018-12-03
BLNK Engel Donald Dir P - Purchase $2.20 +45,000 374,307 +14% +$98,915
I am targeting 11.5 for the first leg up of many. With a small pullback at 9.5 and 8.5, What do you think?
BLNK: holding 7.00 level nicelyBLNK building a steady trend to come back after a short attack. The next range is 8.00-8.50
I'm in (long)
7.47 is support, nothing is broken If it does not hold the next stop is around 7.10, the chart looks bullish
do not panic, possible Turn around Tuesday If the stock does not go parabolic, 7.50, and 7.10 should be a good support for turn around Tuesday.
It should hit 10 sometime this week
Starting to consolidate? 6.78 acted as a strong support today6.78 acted as strong support today. Even after hours. Indicators look oversold but no signs of reversal.
BLINK: Getting interesting in next few days if this can hold. Bullish... reaching to the biggest support line (green)... we will see if it bounce.. it'll be a big move up or down.
BLNK: Bullish - short for a bit then 5th wave?blah blah. RSI at 69 1hr , also high in 4hr.. blah. big red Heikin-ashi candle 1hr.. blah possible 5th wave. Big sugar baby in Daily green candle
