I think this is the breakout that people are not noticing enoughBreakout on year long descending wedge, in the process of wave 2 right now, waiting for bottom to enter wave 3. Wave 3 could potentially test next resistance at ATH.
BLNK trade ideas
Blink Charging co.As forecasted accurately shares of electric car charging company Blink Charging (NASDAQ:BLNK) rocketed to close 17.1% higher on Monday. Whats next ? is this the go or we are coming back to 20 level before firing back to upside with my longer term target being $70/Share.
In accordance to Elliot Wave medium to short term outlook for this stock is to downside. longer term outlook is bullish.
Please note that im not a financial advisor and these are personal thoughts, they could be wrong.
Trade responsibly
11/14/21 BLNKBlink Charging Co. ( NASDAQ:BLNK )
Sector: Consumer Services (Other Consumer Services)
Current Price: $40.01
Breakout price trigger: $41.50
Buy Zone (Top/Bottom Range): $37.50-$34.60
Price Target: $47.50-$48.00 (1st), $53.00-$54.00 (2nd)
Estimated Duration to Target: 27-30d (1st), 55-58d (2nd)
Contract of Interest: $BLNK 12/17/21 40c, $BLNK 01/21/22 45c
Trade price as of publish date: $4.25/contract, $3.90/contract
Blnk Gets rejectedHad a great week with news on Of infrastructure deal pass and then the earnings was the cherry on top. But even with all of that news we still couldn't breakout of this range here. To top it off, the rejection came with Blnks highest Volume since January squeezing.
I think we close that gap early next week at 35 and from there we could be headed lower
BLNK Earnings move predictionBLNK has been trading in this range since April. It looks like it wants to come down and test the green trend line, but since earnings are after hours, it could end up running throughout the day. Ultimately, I think it will move down $3-$4 for earnings, unless it closes down a large amount beforehand. Total revenue is going up but operating income is getting worse each quarter. I believe future outlook for the next quarter will be cut. I'm keeping this on high watch tomorrow.
BLNK - Short and Mid-Term Targets Our short term target is 37-38 and mid term 45-48 based on the current EW count and IH&S setup. Our stop loss would be the W2 low at $27.36.
BLNK Squeezing Textbook triangle in the works.
I would prefer a break to the upside (great R:R)
With push towards EV and clean energy, charging stations can be the future.
Keeping an eye on this one for a long swing
Example: From Failed Moves Come Fast Moves - Blink Charging A perfect example, in hindsight of course, of the trading axiom, "From Failed Moves Come Fast Moves" - in popular new stock trading name - Blink Charging. NASDAQ:BLNK
BLNK on fire once again🔥very nice breakout on BLNK shortly after breaking top trendline resistance!
now we are approaching local resistance around 43-46, once these levels break we can target 52.07/65/78.33
goodluck, like and follow for more💘
BLNK huge news Blink energy is known for its charging stations and with the Trillion dollar infrastructure deal being passed Biden is looking to put billions towards charging stations.
$BLNK Daily breakoutNice triangle breakout from Blink charging. I went long commons, up 11% with a trailing stop. Lot of overhead supply to cut through, however a break of volume shelf at $35.9 zone would suggest a larger upside move to $44.5. Needs more volume and saw a good uptick today.
Watch for possible breakout retest, but curling moving averages, MACD and money flow has my near term bias to the upside for this idea -
Commons .... 11/19 $35 call with 1,786 OI .... DEC 28/29P spread for about .33 credit
Blink - Target 95 - if history repeatssimilar constellation like exactly a year ago.
Last year it was boosted also by the hype about Bidens green program...
All set for $70?Is this is the best time for another leg up. Imagine many gas stations being replaced by Blink e charging stations. Welcome to the electric future.
Upside +70%A company with good fundamentals. In the long run, it will be worth more than $60 per share. Delivering more and more products ( electric charging ) as the quarterly reports show. Now began an upward movement after accumulation. The support level was 26.09.
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11/1 - 11/5 watchlist #2 $BLNK +32
Price Targets: $33, $35
Technical Analysis: Descending triangle breakout
News Catalyst: " All day - The Gabelli 45th Annual Automotive Aftermarket Symposium runs all day. Presentations in past years have led to some notable share price moves. Participants this year include Hyliion Holdings (NYSE:HYLN), Blink Charging (NASDAQ:BLNK) and Canoo (NASDAQ:GOEV). Adding to the intrigue, short interest as a percentage of total float on all three names is over 20%."
BLNKLooks likely if downtrend break really is going to get broken.
Early to the party. Let's see .. . . . Keep your eyes on this one!
$BLNK Falling Wedge consolidationBeautiful weekly chart here. Falling wedge, with bullish divergence, nearing seller exhaustion. Money flow starting to come up a little bit too. Might want to dial in stop losses and entry on a lower time frame, these are not meant to be strategic, however they are 3:1+ targets
BLNK - Descending WedgeWith converging trend lines and declining volume, a break through the upper trend line with volume is all that’s left to confirm the pattern. The week of 10/4 also created hidden bullish divergence as price made a higher low and momentum making a lower low.
I’m in commons but will be starting a position of the JAN2023 30C.
Stay Green.
*NFA*
BLNK DailyBullish Bat strong potential reversal zone
Waiting for Break of Trend line with RSI ABOVE 30
BUY
10/11 BLNK(1) BLNK is not doing quite good so for
(2) the ideal way is stop by ~20 (purple zone) and wait for a bounce out of the yellow resistance line
(3) if not, would get to lower in mid-term, Weekly chart MA got support around ~20 for now only
