It is likey the low of 49.66 hit on 12 May is "the" low for now as we see a bullish pin bar has formed on the monthly chart on relatively high volume.
Now appears to be forming the right shoulder of a Head and Shoulders pattern with neckline around 78. A breakup of this neckline (preferably on relatively good volume) will likely mean the stock has turned the...
BlackLine holds its RSI support. Also, you can easily see that it has broken its RSI descending channel.
From the MACD point of view, it has a hidden divergence, as shown in the chart.
From an overall perspective, it is a golden time to buy BL!!
The target points are indicated in the charts.
Two fractals inside the running flat Elliot correction wave is enough for me to deduce that my pattern is on the right track. I Might buy some calls.
*** This is not financial advice, it is merely my opinion***
I got the break of the low, (C) was lower than (A), This is what I look for before opening a position in calls. I believe Inflection points (A B C) reveal alot about the stock's behaviour.
Hey traders, BLACKLINE is in a very important moment in its history we can witness a new historical high. It's in a bearish fake setup with a hammer candle and a fake high volume traded sell. Looking at the TIMEFRAME M1 we see a dash with a low volume of chat performed, it goes towards the base of the bollinger. To check it and finish on the top of the...
$BL is projected to have a bullish outlook even after a negative earnings release, with price currently trading close to the lower boundary of the PEAD cone.
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$BL shows bullish trend before the earning.
12 months Consensus Price Target: $76.75
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
Earnings this past week and surely smoked the short on gap up after earnings. Probably the biggest short squeeze of the week. I don't have a position yet, but will be stalking it around the 54.13 pivot. Up on massive volume too, probably continue higher Mon/Tue and then looking to buy the dip.
Bullish momentum has continued since last post. PMO continues to rise and has expanded over last two sessions. RSX has cooled off a little bit and turned upward again. I see two potential scenarios playing out here:
First, the market run continues and BL, without any resistance above, keeps closing the gap on its ATH of 58.15; a positive surprise on ER would...
BlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.
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