After rallying about 92% from the previous retracement to the 21-ema Blink is showing a possible bearish divergence on the daily chart with a couple of cross overs on the MACD and narrowing of Bollinger Bands. It already dropped about 1.56% in the after hour session (about 6pm EST). I am waiting for confirmation on the next candle but this may be a good time to take some profits off the table.
DISCLAIMER
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
DISCLAIMER
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
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Bearish divergence being confirmed on the 4hr chart. There is also a potential doji on the last candle, which will close in about one hr from the time of this writing (2:45pm EST).
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