Targeting 70 as the next PT for BLNK :) There's alot of resistance ahead but she'll get there. Needs a break of the channel it's in and the supply zone. Would advice buying at the bottom of the channel and just hold :)
Ill take 70. Lets hope for a good week and that the market holds up.
mikee_n30
⋅
So you're saying that the entry point is 52.90, the PT is 70, and the stop loss is 44?
OBaderr
⋅
@mikee_n30, It's a little choppy rn. I'm currently just playing that purple channel hopping in and out. This ticker is basically smaller channels in big channel. 45 is actually the best entry bc its the red support trendline. I think once she breaks the 55 with volume (the green box 52.90-55) she runs to 70 easy by the end of this month. I cut my losses really quick and revaluate so if the candle closes under the support of the channel i'm out
mikee_n30
⋅
@OBaderr, I'm new sorry I'm trying to apply some things I learned quickly. So the reason why 45 is the best entry is that it right on the support line right? As in its harder for the sellers to break past that point? We get on board there in hopes that there's a strong seller who forces the stock to hit that red line and reverse upwards towards your PT of 70 right?
mikee_n30
⋅
@mikee_n30, or maybe its because since it was a bearish wedge at first and it reversed the entry point should be right above the breakout?
srp192
⋅
what is your short term target?
OBaderr
⋅
@srp192, Yk blnk really loves the going in 5s lol. 55 is the trigger to me, a break of that with volume will make it run to 60-65 in seconds and eventually 70 after break of ATH. Look at it as channels and supply/demand zones rather than levels, levels are too much. I personally been adding on dips and unloading after a push, these contracts move nice. Until the break of the channel or 55 ;)