I am down on my position in BLNK, I am looking at what scenarios might be good for averaging down or getting in. BLNK is a 'tech' and 'electric car' play. They provide charging stations for electric cars and generate revenue in a variety of ways.
I think this is a long term good option. I think a Joe Biden win would greatly benefit BLNK as well, as it is part of the renewable energy movement, etc...
I am looking at what earnings play might exist. But truthfully, I don't think this is a stock with earnings related plays. Historically the price movements were not associated with earnings.
Uniquely, it is very compliant with a MACD strategy.
I am looking at some of the following conditions to create a good time to enter:
- Stock consolidates at previous support levels
- MACD rolls over to the bullish upside at around the same time
- Market conditions are somewhat positive, which lately had been changing very constantly.
Some time next week we could be looking at an opportunity. Some good news can be really helpful as well.
I think this is a long term good option. I think a Joe Biden win would greatly benefit BLNK as well, as it is part of the renewable energy movement, etc...
I am looking at what earnings play might exist. But truthfully, I don't think this is a stock with earnings related plays. Historically the price movements were not associated with earnings.
Uniquely, it is very compliant with a MACD strategy.
I am looking at some of the following conditions to create a good time to enter:
- Stock consolidates at previous support levels
- MACD rolls over to the bullish upside at around the same time
- Market conditions are somewhat positive, which lately had been changing very constantly.
Some time next week we could be looking at an opportunity. Some good news can be really helpful as well.
Note
Looks like what I drew on the chart is 100% spot on so far. If I am in the green the day or two before my earnings, I will be selling more or less all my position, except for what I accumulate for 'free'. Im thinking just under $11.00 is what I am thinking it will reach before earnings, with some luck!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.