BLINK on support; maybe a good time to start a positionBLINK 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!
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***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.***
