Here we have $BLNK in a bullish double bottom
pattern, price action must remain above $32.43 imo to remain bullish
. All indicators on all time frame suggest momentum is headed towards the upside. Price closed just under the 21 EMA
, but not before price pierced through it, if you look closely at the wick you'll see the high of that day was $37.90. $BLNK has 17 days til earnings
, its Implied volatility
is around 106%, and the IV Rank is about 4%. Mean reversion is likely to take place when the IV rank is this low. This is still a risky trade, The short float percentage is around 38% of the companies shares.