BLINK on support; maybe a good time to start a position

Updated

BLINK fell almost 6% this morning. It is now sitting on the price support and the trendline support. This may be a good time to start a position or add to one if you are already in. This is as safe an entry as it gets because you can exit the trade if the price breaks below the support with volume and trendline with volume. MACD is crossing bullish and ADX still shows strong trend. A re-test of the moving averages is not out of question but the trend is bullish so this may be just a healthy pull back to re-rest the price support (which was previously resistance).

Safe trades!

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***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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If you bought the support you are up almost 5%:

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Now you should be up almost 9%. Easy peasy with TA:

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If support holds this is another opportunity to get in:

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On the hourly chart you can see BLINK is in a channel with support of the 14-ema. When the price goes up and down a lot within the daily candle you can zoom in and find these gems. I bought the bottom and sold the top twice already. More profits in my pocket.

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I am expecting that price squeeze between emas and resistance to push the price up since we are in an uptrend but always be on the watch.

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$50 support holding strong:

Safe_Trades

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