BLNK trade ideas
BLINK possibly gearing UPEV adoption has been slow but moving none the less. Blink Charging has seen many government agencies now back the company and looks to become one of the key players in laying down EV infrastructure in the US.
I believe the stock is in an accumulation phase and this is one to start building a position in for the long term.
Snipper long in BLNK for 10RHy traders, we have very nice price analysis in BLNK. We are entering in the 4H fake out move to capture 10R . Lots of things come to together to enter this trade.
1. Pattern in higher time frame 1 week
2. Volatility squeeze and fake out
3. Good potential fundamental market for Battery factory
4. Perfect accumulation by big whales.
BLNK Cup and handle, signs of accumulation ending?NASDAQ:BLNK : BLNK is looking at a potential end of the accumulative phase and may be starting to see a strong bullish run. Volume is supporting the breakout and all other indicators are pointing towards a bullish upside.
Hence, would buy spot at 3.30 or lower support at 2.78
$BLNK Potential for $4 by end of June, $6 by end of summerMonthly picking up volume and bearish volume produced no outcome last month. RSI looks good
after the bull crossover on the MACD.
BLNK watching for downtrend breakout number 3 👀Struggling with trend resistance/long trigger pivot, I wouldn't long unless we got a clear break through those levels.
after we break that a rally to 4.28-5.40 should follow.. boost and follow for more! ❤️🔥
The Future is Electric and $BLNK is poised soar The Technicals: We have seen NASDAQ:BLNK bounce off the $2.22 support level and indicating it has bottomed and ready to start making positive momentum on the upside.
The bullish case for EV and Blink Charging Co.
For starters, the demand for EVs is skyrocketing. In 2023, global EV sales reached 10 million units, and this number is expected to double by 2025. This is due to a number of factors, including government incentives, increased environmental awareness, and the fact that EVs are just plain cool.
With the world going green and governments pushing for a transition to electric vehicles (EVs), the demand for charging infrastructure is set to skyrocket. Blink Charging, being a leading provider of EV charging equipment and services, is well-positioned to ride this electrifying wave.
Expanding Network: Blink Charging has been busy expanding its charging network across the US, Europe, and the Middle East. This expansion could lead to increased revenue and a stronger market position, making it an attractive investment option for those looking to charge up their portfolios.
Strategic Partnerships: Blink Charging has been making friends in high places, forming strategic partnerships with major companies like Whole Foods and the Los Angeles Department of Transportation. These alliances could lead to increased visibility and adoption of Blink's charging solutions, further boosting its growth potential.
The Short Squeeze Potential: With a high short interest of 33%, a positive news catalyst could lead to a short squeeze, sending NASDAQ:BLNK stock soaring to the moon. This could be an opportunity for brave investors to capitalize on the potential upside.
Look out for this one! Rising from demand zone.Blink Charging will get a huge lift very, very soon.
Blink Charging was founded to do its part in slowing climate change by reducing greenhouse gas emissions caused by transportation. The company has always been and continues to be a driving force in the EV industry. They are paving the way for EV adoption through the global deployment and operation of EV charging stations.
William's percent range and RSI are shown at the bottom.
Good luck!
$BLNK Blink Charging Co Long term PT 97 and higherNASDAQ:BLNK Blink Charging Co
Long term PT 97 and higher
Blink Charging Co., through its subsidiaries, owns, operates, manufactures, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based system that operates, maintains, and manages various Blink charging stations and associated charging data, back-end operations, and payment processing, as well as offers property owners, managers, parking companies, and state and municipal entities with cloud-based services that enable the remote monitoring and management of EV charging stations; and EV drivers with station information, including station location, availability, and applicable fees. In addition, the company offers EV charging hardware, software services, and service plans. It has strategic partnerships across transit/destination locations, including airports, auto dealers, healthcare/medicals, hotels, mixed-use and municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations. The company offers its services through direct sales force and resellers, as well as sells residential Level 2 chargers through various internet channels. Blink Charging Co. was founded in 2009 and is headquartered in Miami Beach, Florida.
BLNK up over 11% in pre-market.My target on this is still around $4.50 and then $5.90-6.
Still good risk to reward. Risk little to make a lot is the key.
High flying, very volatile stock. Tight stop loss needed.
BLNK Bottom Firming UpBLNK is forming a bottoming pattern. RSI is oversold and MACD is about to flip bullish. Looks like a great risk reward spot. 32% short float and declining volume on the drawback.
BLNK Short Squeeze OpportunityLoving BLNK here. Sitting nicely on 3 moving averages on the 65min chart. Chopping away on a launch pad. Inside day candle and 30% short interest. Could be explosive if it decides to go. Love small cap squeezes at year end too as hedge funds try to pad the stats a bit. In at $3.36. No target as of now.
$BLNK Upside ExpansionLooking for an easy 100% price increase here on $BLNK. We have a H&S setup forming as well as OTE at the 79% Fib has already been hit. Now we wait.
Dashboard MTF, Ichimoku Cloud IntradayIntroduction:
This Pine indicator was designed to meet the needs of Ichimoku Cloud enthusiasts, providing a comprehensive view of trends across different timeframes directly on a chart. It simplifies analysis at a glance, enabling traders to make informed decisions.
Functionality of the Pine Script:
The script utilizes the Ichimoku Cloud indicator to determine trends across various timeframes (5 minutes, 15 minutes, 1 hour, 4 hours, daily). Conditions for bullish, bearish, and neutral trends are defined as follows:
Bullish:
The Conversion Line is above the Base Line.
The closing price is above the cloud's Senkou Span A and above the cloud's Base Line (Senkou Span B).
Bearish:
The Conversion Line is below the Base Line.
The closing price is below the cloud's Senkou Span A and below the cloud's Base Line.
Neutral:
The cloud is flat when the Conversion Line and Base Line intersect. This is the criterion for a neutral trend.
Symbols in the Dashboard:
The dashboard (trendTable) to the right of the chart displays the following symbols for each timeframe:
▲: Bullish trend
▼: Bearish trend
▬: Neutral trend
Colors Associated with Trends:
Colors associated with trends are defined as follows:
Bullish: Blue
Bearish: Red
Neutral: Gray
User Guide:
Installation:
Copy the Pine script into the TradingView Pine editor.
Settings:
Adjust parameters such as the Conversion Line period, Base Line period, etc.
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Dashboard:
The dashboard on the right summarizes trends across different timeframes.
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Use the information to confirm trends across various time scales before making trading decisions.
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The cloud is considered neutral when it is flat (when the Conversion Line and Base Line intersect).
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When observing rapid color changes between higher timeframes (e.g., 4H) and a lower timeframe (e.g., 5 minutes), this may be due to the dynamic nature of short-term price movements. Here are some possible reasons for such variations:
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Confirmation Across Timeframes:
Use multiple timeframes to confirm trends. For example, if 4H is bullish but 5 minutes is neutral, it may indicate a consolidation period.
Caution in Volatile Conditions:
Be aware of volatile market conditions, especially during significant economic announcements, as they can quickly influence short-term trends.
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If you notice frequent variations, adjust the indicator's parameters to better match your risk tolerance and trading style.
In summary, rapid variations between different timeframes are common and may result from the changing nature of the short-term market. It's essential to consider various factors and use multiple timeframes for a more comprehensive analysis.
The differences in color between different timeframes, such as displaying blue on 4 hours and neutral on 5 minutes, can be attributed to several factors. Here are some possible explanations:
Reaction to Short-Term Movements:
Shorter timeframes, like 5-minute charts, react more quickly to short-term fluctuations. Even if the overall trend on the 4-hour chart is bullish, short-term price movements can temporarily neutralize the trend.
Consolidation or Retracement:
The difference in color may indicate a period of consolidation or retracement on the 5-minute chart, even if the longer-term trend on the 4-hour chart remains intact.
Intra-Day Volatility:
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Adaptation to Current Market Conditions:
Markets are constantly evolving, and indicators can adapt to real-time conditions. Rapid changes may reflect a response to market conditions at a specific moment.
Sensitivity to Indicator Parameters:
Indicator parameters, such as the periods used to calculate Tenkan, Kijun, etc., can influence the indicator's sensitivity to price movements.
Tips for Interpreting Differences:
Overall Analysis:
Always consider the big picture by analyzing multiple timeframes to gain a comprehensive perspective on the trend.
Confirmation with Other Indicators:
Use other indicators or analyses to confirm signals and mitigate short-term variations.
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Monitor market developments in real-time to adapt to rapid changes.
In summary, differences in color between different timeframes are common and can reflect short-term movements that may differ from the overall longer-term trend.
The table may not be immediately updated with new data after changing the timeframe. It may take some time to retrieve updated information and display it correctly in the table.
Waiting for the gap to fill Here's what I see for Blink Charging. If the 61.8-67% Fib breaks we'll see more pressure to the downside and an attempt to fill the gap (pink box). We could see a pullback to the upside at around $3 though.
If prices falls all the way down and closes the gap at around $2.50 , I'll consider opening a long position.
I am more and more certain there is a second chance...... to get out of garbage stocks. Note to self not to miss this chance.
In retrospect many small cap stocks performed a three wave corrective move from the covid lows - and that is the reason why myself (as many others I suppose) got stuck bagholding shit stocks for years, expecting a five wave move up. But the 4-5 wave never came and instead a 3 year grind has followed, which MAY soon come to an end. While many large caps and major indices are around ATH, the small cap sector is decimated at 99% declines in many names.
Same case with this annoying stock, where I am hoping for a 1:1 leg up for a green exit.
hooyy heres a thought hello if BLNK were to push through resistance of $7usd and consolidate, id consider starting a long position anytime it were to fall below $5.99 USD
its hit its support twice on a yearly chart beaten earnings can see this stock pump up another 30%
** Shares of Blink Charging Co
BLNK
up 4.1% at $6.43, premarket
** Electric vehicle charging firm raises 2023 rev. target to $110 mln- $120 mln from 100 mln-110 mln expected previously
** Co posts Q2 rev. of $32.84 mln, up 186% from a year ago; also ahead of analysts est. of $23.76 mln
** BLNK reports Q2 adj loss of 44 cents per share vs analysts' est. loss of 49 cents per share
** “Rev growth achieved in Q2 was largely organic. We saw strong demand for both equipment and services in the U.S. division during the quarter, and in Europe our owner/operator strategy made significant gains," - CEO Brendan Jones
** Co targets adj EBITDA break even run rate by Dec. 2024
** As of last close, BLNK shares down 43.66% YTD
$BLNK Expanding Its ReachWith eyes currently pointing towards the EV charging market in the US, Blink Charging Co. (NASDAQ: BLNK) has announced that it will be adding Tesla’s (NASDAQ: TSLA) North American Charging Standard (NACS) capabilities to its entire product line. This move comes at a perfect time for BLNK to capitalize on the growing wave of EV manufacturers adopting TSLA’s NACS to access its supercharging network. With the stock up 15% since sharing the news, BLNK stock could further run over the coming weeks given its high short data.
BLNK Fundamentals
Following Tesla’s Steps
Since Tesla announced its collaboration with Ford (NYSE: F) on May 25, BLNK and other EV charging stocks have started to fall with fears of Tesla dominating the market, especially since Tesla has announced more deals with General Motors (NYSE: GM), Rivian (NASDAQ: RIVN) and Polestar (NASDAQ: PSNY).
That said, on June 28, BLNK announced that it is going to add NACS capabilities to all of its products, which seems to put investors at ease, as BLNK stock is currently up more than 15% since the announcement.
While BLNK’s charging stations were already compatible with Tesla’s NACS via an adapter, the ability to simply plug in your car may attract more customers to BLNK, especially since after the aforementioned deals in addition to Tesla’s EVs using NACS will make up 85% of the EVs in the US.
BLNK has also taken a step to further improve its network as it completed the integration of SemaConnect’s chargers after acquiring it back in 2022 for $200 million. With more than 11 thousand chargers after the integration, BLNK is now the third largest level 1 and 2 charging network in the US behind ChargePoint (NASDAQ: CHPT) and Tesla. If BLNK continues growing at the same pace, it may overtake TSLA soon in level 1 and 2 charging – especially since TSLA is more focused on its level 3 fast charging network.
Possible Buyout?
Given BLNK’s potential in level 1 and 2 charging and its implementation of TSLA’s NACS, BLNK could become a buyout target for TSLA to capitalize on its existing infrastructure. The reason such a buyout could occur is that TSLA may be looking to dominate the EV charging market following its recent deals. By acquiring BLNK, TSLA would have the second largest level 1 and 2 charging network in the US while continuing to focus on its supercharger stations.
Short Data
At the moment, BLNK stock is highly shorted with a 27.8% short interest and 35% of its float on loan. If BLNK maintains its bullish momentum that started after adding NACS to its product line, a short squeeze may occur as short sellers could be forced to cover their positions – sending BLNK stock higher.
BLNK Financials
In its Q1 2023 report, BLNK’s assets increased 22% QoQ from $362 million to $441 million, and its cash and cash equivalents increased 186% QoQ from $36 million to $103 million. BLNK’s total liabilities increased by 6% QoQ from $101 million to $107 million.
Revenue also increased 120% YoY from $9.8 million to $21.6 million. Operating costs increased almost 110% from $16.6 million to $35 million, which contributed to the operating loss increase of 105% YoY from $15 million to $30.8 million. As a result, BLNK’s net loss increased 97% YoY to $29.8 million.
Technical Analysis
BLNK stock’s trend is bearish with the stock trading in a downward channel. Looking at the indicators, the stock is trading above the 50, and 21 MAs which are bullish indications, and is trading below the 200 MA which is a bearish indication. Meanwhile, the RSI is overbought at 70 and the MACD is approaching a bearish crossover.
As for the fundamentals, BLNK stock just witnessed a catalyst with the addition of NACS to its products. In case BLNK stock continues running and breaks its $6.18 resistance it could trigger a short squeeze since it is highly shorted. However, as the stock is trading near resistance, a pullback may occur soon.
BLNK Forecast
BLNK’s decision to add NACS capabilities to its charging stations will enable it to grow its customer base and may enable it to overtake Tesla as the second largest level 1 and level 2 charging network in the U.S. Furthermore, BLNK stock may witness a short squeeze due to the high short interest it is currently seeing. Given that the company’s network may be pivotal for TSLA’s potential dominance of the EV charging market, BLNK stock could be one to watch closely thanks to its buyout potential.
Bullish Alert on $BLNKNew bullish alert on the hourly chart.
After the confirmation with the last rejection of the downtrend-line and a new lower low, the chart shows a new potential Bullish Setup.
The goal is to break the downward trend.
Falling Wedge Pattern on $BLNK: Potential Bullish Reversal Greetings, Traders! Today, I'm thrilled to share an exciting technical analysis finding on the stock of Blink Charging Co. ( NASDAQ:BLNK ). A falling wedge pattern has been identified, suggesting the potential for a bullish reversal in the near future. Let's dive into the details!
📈 Ticker: NASDAQ:BLNK
📅 Timeframe: Daily Chart
📊 Pattern: Falling Wedge
📉 Understanding the Falling Wedge Pattern:
A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. Typically formed during a downtrend, it indicates diminishing selling pressure and the potential for a reversal. This pattern suggests the possibility of an upward price movement.
🔍 Identifying the Falling Wedge on NASDAQ:BLNK :
Upon analyzing the daily chart of NASDAQ:BLNK , the following observations come to light:
1️⃣ Recent downtrend: NASDAQ:BLNK has experienced a decline in price over the past weeks.
2️⃣ Converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows.
3️⃣ Decreasing trading volume: As the falling wedge pattern forms, the trading volume has been declining, indicating a potential reduction in selling pressure.
📈 Price Targets and Trading Strategy:
If the falling wedge pattern on NASDAQ:BLNK plays out as anticipated, a potential bullish breakout above the upper trendline may occur, leading to a reversal and potential price appreciation. Consider the following price targets:
1️⃣ Target 1: Resistance level near $40.00
2️⃣ Target 2: Psychological resistance near $45.00
🛡️ Risk Management:
Effective risk management is crucial for successful trading. Implement the following risk management techniques:
1️⃣ Set a stop-loss order below the lower trendline to protect against unexpected price movements.
2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy.
🔔 Conclusion:
Keep a close watch on Blink Charging Co. ( NASDAQ:BLNK ) as it develops this falling wedge pattern. The pattern suggests the potential for a bullish reversal in the near future. However, please note that technical analysis is not infallible, and market conditions can change rapidly. It's advisable to incorporate additional analysis and fundamental factors before making any trading decisions.
Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions.
Happy Trading! 📈💰
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Bullish Alert : BLNKBullish crossover of the ema 21h / 50h after a bullish alert which popped up lately.
This volatility may move the price above the bearish trendline.
$BLNK: Bullish Deep Gartley w/Quadruple MACD Bullish DivergenceBlink Charging is trading within a Falling Wedge and is at the PCZ of a Bullish Deep Gartley and a POC with 4 Levels of MACD Bullish Divergence. If it breaks out, I think it will see the top of the trading range, but I do think it could even see $150 if the $64 Resistance is broken.
Posting this Blink $BLNK chart againNASDAQ:BLNK
Posting this chart again since it has rallied back above the 886
Could see some big upside here if it can hold above that level.
Would look for a backtest before going but ya never know
