A company with good fundamentals. In the long run, it will be worth more than $60 per share. Delivering more and more products ( electric charging ) as the quarterly reports show. Now began an upward movement after accumulation. The support level was 26.09.
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$BLNK +32
Price Targets: $33, $35
Technical Analysis: Descending triangle breakout
News Catalyst: " All day - The Gabelli 45th Annual Automotive Aftermarket Symposium runs all day. Presentations in past years have led to some notable share price moves. Participants this year include Hyliion Holdings (NYSE:HYLN), Blink Charging (NASDAQ:BLNK) and Canoo...
Beautiful weekly chart here. Falling wedge, with bullish divergence, nearing seller exhaustion. Money flow starting to come up a little bit too. Might want to dial in stop losses and entry on a lower time frame, these are not meant to be strategic, however they are 3:1+ targets
With converging trend lines and declining volume, a break through the upper trend line with volume is all that’s left to confirm the pattern. The week of 10/4 also created hidden bullish divergence as price made a higher low and momentum making a lower low.
I’m in commons but will be starting a position of the JAN2023 30C.
Stay Green.
*NFA*
(1) BLNK is not doing quite good so for
(2) the ideal way is stop by ~20 (purple zone) and wait for a bounce out of the yellow resistance line
(3) if not, would get to lower in mid-term, Weekly chart MA got support around ~20 for now only
$BLNK At Support, Bullish Options Flow - High probability of a near term bounce from this area. Monitor for a daily close over the 9d ema.
Unusual Options Activity - Bullish short put traded today
3k $40.00 deep in-the-money December puts SOLD today for $4.1M
Near term target: $32-$36 range possible by Halloween
Note: This is NOT investment advice. Educational only.
i have a position on this stock from $29.19 and have stops below 24 just to give it some wiggle room since it has tagged the 61.8 before. i have targets at 79 but since it has never been that high before i will probably look to lock some profit in at previous highs and ride the rest to target if it happens. Set up is a traditional hwb all time low to all time...
On the short term look, BLNK is in a squeeze and also breaking out of it's downward trend line from the past couple weeks.
On the long term look, BLNK looks like it's bouncing off it's squeeze support.
Yesterday's high is my entry trigger, my confirmation entry is 30.87 area. Can go up to 36.32, 37.4, 41.22 as it's next resistance levels.
If BLNK falls today, the...
Seems
Our symetrical triangle is coming to an end here. It’s getting very tight.. we have now tapped out lower support for the 3rd time. Breaking above 34$ and hold will give us a target of 54$ Def something to keep our eyes on here
MID-TERM: Close to a potential breakout of a triangle pattern, double bottom, bullish convergence on MACD/RSI, over historical support. (not financial advice)
Easy to size up trade. After consecutive higher lows and squeezing in the structure that's been formed it's very likely to break to the upside looking at the same bottom divergence on both the MacD and RSI. PT and SL are highlighted on the chart. This asset loves to move fast as theirs a lot of daily volume that comes back in when rallying. $34.67 is strong...
