BLDE Target $5.5A breakout from this ascending triangle and a rounding bottom pattern could see BLDE move up to $5.5
BLDE trade ideas
8/6/24 - $blde - Big into print ~2.8/shr8/6/24 :: VROCKSTAR :: NASDAQ:BLDE
Big into print ~2.8/shr
- have written before that value <$3 and deep f'n value <2.5
- we have a setup where the stock clearly looks like it was whacked on small cap flows (if you watch any number of small caps you'll notice the same -30% move in the last weeks)
- as a reminder these guys fly around organs (a better ambulance business) and also ppl with more disposable income to the airport (i have always pitched it as "uber for rich people"). it's a good service.
- they have piles of cash and will be profitable this year
- this thing trades as if it's any other run of the mill SPAC (there are a few that have broken out and shed this taint - NYSE:HIMS is a good example).
- but the valuation on NASDAQ:BLDE is particularly compelling b/c of the inflection to profitability and massive cash stack
- i'd not be surprised if NYSE:UBER buys this company in the next 12 months. it checks that box i look for as well.
- while this *shouldn't* be such a negative, but it is, our friend Cathie is the largest shareholder at 8%. she's just been such a contra-indicator that it's worth noting
- i'd also flag two notable "gaps" in the chart. one at the ~2.5$ level from March '24 and one at the ~$2.3 level in Nov '23. while market markets like to fill these for reasons i won't get into - it's typically more relevant for larger stocks (and more liquid options chains) than smaller caps. so any beat will render these gaps effectively useless.
- HOWEVER, they are relevant b/c any miss or mediocre result does probably tend to at least the $2.5 level.
- the way i've been navigating these mkts lately is only finding stuff i'm comfortable buying with 20% dips. this means i goal seek for a size where i like the stock as is, and any lower i'm not feeling like i need to cut and run and take the L. this is one of those.
- so while i think the multi-year upside and genuinely the setup b/c of the small cap setup (and sell off) puts this in a good space for a 10%+ move and continued run (i think 15-20% is possible but i'm not counting on it)... i'm also aware that it's a very small cap company in a tape that is ruthless and might still not be done puking at any given time.
so while risky. i like the valuation. i like the setup b/c of the hole that small caps put in the chart (as if this were any of those - and it's not IMHO). and i'm conscious of the gaps lower. oh... these guys buyback shares ;)
I'm 5% size into the print. i'll take it toward 10% the closer we go to low $2's (assuming there's nothing fundamentally *wrong*) and probably a 5-7% position if good result but we dip - similar to what we saw on NASDAQ:CELH and i've been adding, same with NASDAQ:NXT logic.
that was a long one. if you're still here - thanks.
let's see.
V
Fourth attemptPrice is going for another try to break out the triangle and is doing an inverse HS in the monthly timeframe. If it pulls back I'll buy more. Risk reward is good in this one.
6/14/24 - $blde - value <$3, DFV <$2.56/14/24 :: VROCKSTAR :: NASDAQ:BLDE
While we're on blast from the past names (go check out NASDAQ:POWW write up today on the whack move), i figured this should be a good oppty to update my thinking on $blde.
I've traded this oscillator since the IPO and probably my higher hit rate (i've only traded it long and made money 100% of the time, probably 10x over).
so it's one i'm very familiar with.
i call it "uber for rich people" or which is becoming "uber for rich people and dead people's organs"
both are great businesses, but the med biz is the real grower/ $TDMX is such an obvious buyer for this biz - but we can address that in the future.
so what's the latest here?
3Q's ago late '23 co reported +ve net income. heck yes! they told us all the seasonally the next q wouldn't be profitable but they're defn making progress toward that in '24. cool.
but the market for names that are tiny and not well institutionalized doesn't read press releases and so when they reported lower sales and op profit in 4q (early this year in Mar) the stock had an OMG WTF WEN GO PROFIT AGAIN
the smart money (hello btw) bout the LIVING DAYLIGHTS out of that dip to $2.5. it wasn't easy though i'll tell u. it never is. and it never gets easier (though it helps to see it many times in many situations so you can size manage and manage emotions too).
we slingshot way past fair value (which i was thinking was ~3ish and so when we touched $4 i was out in the low 3's already having gone "oh well").
well here we are again. sub $3. with a great business, the tourists back out of the stock having driven it higher w/ their expired options OTM and worthless. between $2.5-$3 is a sliding scale of value.
the stock has SO MUCH CASH that the enterprise value is $100 mm which is basically 2x gross profit growing teens. that's hella cheap for a breakeven biz this year inflecting next, w a high growth medical segment that keeps finding ways to grow faster.
competent management (thank gawd - at this size company u never know)
so it's a buy here <$3. for me it's a 1.5% position, but more a placeholder for me as i'd like to size up if we get some further risk off on the macro side of things and end up closer to the $2.5 mark again. it's an EXCELLENT stock to rent out to the tourists with high IV when it starts to pump. and that's a big consideration for the positions i take.
anyway. will update more if/as things unfold but wanted to drop my thoughts on a small cap that i believe is a multi-year compounder at a good value (not great) today and worth keeping on your radar.
have a good weekend fam
V
PS - DFV... deep f'kn value if u r not familiar with the roaring kitty's handle lol
BLDEBroke out above the descending trend line, formed an iHS - an EW flat in the right shoulder.
Starting position, will add when it reaches and breaks the neckline
RiskMastery's Breakout Stocks - BLDE EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:BLDE ...
I believe this code is at a point of potential volatility.
If price can hold above $3.73 ... Bullish potential may be unlocked.
My key upside targets include:
- $4.60 (Conservative)
- $6.59 (Medium)
- $8.50 (Aggressive)
If however price falls below $2.58 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
BLDE Blade Air Mobility Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BLDE Blade Air Mobility prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BLADE is flagging holding well above 50 MANASDAQ:BLDE is plotting a flag pattern, long the break out to target 4.1$. Stop loss daily close below 50 MA.
Found this!The price just broke the huge falling wedge after 2 years. It looks that is turning around. It's a cheap stock and it has been going up for the past 8 weeks. I just bought some and I'll may add some more weeks from now depends of how it goes. Great risk and reward trade.
$BLDEBlade Air Mobility Inc has fallen Monday morning, with the stock decreasing -5.24% in pre-market trading to 10.66.
BLDE's short-term technical score of 20 indicates that the stock has traded less bullishly over the last month than 80% of stocks on the market.
In the Airports & Air Services industry, which ranks 47 out of 146 industries.
BLDE ranks higher than 23% of stocks.
Blade Air Mobility Inc has risen 55.60% over the past month, closing at $7.66 on August 23.
During this period of time, the stock fell as low as $7.66 and as high as $11.25. BLDE has an average analyst recommendation of Strong Buy.
The company has an average price target of $15.67.
When we look at the technical side of things we can see it’s broken above resistance and even with yesterday’s markets fall it was still able to stay above resistance.
We could say previous resistance is now acting as support on the lower timeframes.
We have the MACD sitting comfortably above 0.50 and the RSI above 50.
I’m fairly bullish on this.
Keep this on your watchlist.
- Factor Four
BLDE Double Bottom?BLADE Urban Air Mobility, Inc. is an urban air mobility platform based in New York City. It allows users of its app to book seats on scheduled flights throughout the Northeast and West Coast of the United States, and also arrange private charter flights.
Double bottom? Air lines and travelling will eventually pick up.
Price below 200 ma with 50 coming to cross over, possibly soon.
Rsi oversold and under 40.
Double bottom.
Possible swing play
DYOR
BLADE long term hold. Daily chart on BLADE is showing us that it is attempting to break the line of resistance. MACD looks to be closing green but it is staying stagnant. RSI seems steady and i do see this stock undervalued at the moment. ARK invest keeps on buying this company which to me is a bullish sign for this stock. This is a long term hold for me.
