BLNK- Bullish falling wedge, breakout soon. Looks like another 1-3 days down to set up this falling wedge and then a breakout to price target $66. Observation: Notice how the angle and length of the wedges have decreased each time, and the rest between each support has decreased each time also. I’m wondering if this next breakout and sharp return to support forms a double top reversal pattern leading to a break from regression channel support and down to sideways action or a downward trend until another major catalyst
MACD and RSI negative divergence suggests down. Possible collapse to 20.
wolfdeutschland
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should breakout in a few days
BullishBear08
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BLNK (EV charging) is near the support price target that I called out the other day, in a falling wedge, if the overall market appears to be rebounding next week then this very well may pop up to resistance near $66 in the next few days. I probably wouldn’t touch it under $49 because that would have it falling below the multi month regression channel you see here (red/blue upward trend channel that represents +\- 2 standard deviations)