Modus777

$BLNK Triangle or rising wedge?

NASDAQ:BLNK   Blink Charging Co.
BLNK found itself rejected at the anchored VWAP from the January highs and it put in a daily inside day last week. Indicators looks a little exhausted after running strongly from the lows a few days ago, due to some bad news. Whether it's a triangle or a rising wedge, I carry no bias until price action tells me if these EMAs will hold the daily levels or if we're getting a pullback before we're ready to break higher again. I am looking to add if we enter my buy zone. The maginot line it's a clear trend break to the downside that should be worth looking at if this proves to be a rising wedge.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.