BLNK May Be Starting Elliot Wave #5It hit my buy box when i wasn't paying attention :(
If it drops below the top of wave #1, this pattern is invalidated, but I think its getting ready to rocket to around $68.
BLNK trade ideas
Possible bulls squeezeI see better support around $32-$28 looking for support test coming soon off the bull squeeze
Long Blink Charging CoThere is a potential for the price to go up if it make bullish rejection at H4 between 35.6 - 33.9.
Price then would either:
Complete the right shoulder and drop.
Break the resistance zone to form a double top.
BLNK - January 2, 2021BLNK is an electric vehicle charging equipment supplier. The company has over 23,000 charging stations across the US and has secured . The global EV market is expected to grow at a 25.6% CAGR from 2019-2026 and is forecasted to reach over $567B by 2026. BLNK makes revenue from selling hardware, energy, reoccurring network management fees, and advertisements. The company is not EBITDA profitable, but expects to double revenue in FY 2021 to 14M. The current market cap of BLNK is 1.4B.
Blnk channel tradeChart explains itself. although I'm wonder if it can hold that support line (Red ) or will it drop all the way to the bottom of the channel
Down to 26We are in wave 4 of the impulse wave starting September. Wave 4 retraces 0.382 of wave 3 and also retraces to the wave 4 of lesser degree. Both of these rules point towards a retracement to around the 25-26 dollar range. After this, expect upside for a wave 5.
BLNK_EV playEntry on this charging station but had some major gains recently and played on the EV bukkake of 2020. You do not want to blink on this one...
BLINK Bull FLAG scenario - Next Target $48Chart says it all. Don't overdo it - risk is quite high for something this volatile but chart shows a path to $48 after printing a bull flag structure and after hitting my $34 target perfectly.
BLNK A Little Too ExpensiveThere's no doubt BLNK has had a meteoric rise over the past few months. Gains YTD are up over 2,500%. This is a company that I think has a bright future (no pun intended), but not at this valuation.
Current price is trading at multiples of 344x of sales, 95x of book value and 104x cash.
Most recent 10Q shows me that:
GP is up approx 122% from 3Q of last year while Operating Expense is up 38%. OPEX increase was largely in part of increased compensation and G&A expenses.
Operating Expense now represents 292% of Revenue compared to the 364% reported same quarter last year. So the company is growing.
Here's the downside. Share price is now based on a valuation decades into the future.
Chart shows that we've got RSI divergence along the highs so expect a pull back. I'm interested buying but at the right price.
broke big resistance and downtrend lines!theres almost no resistance left! i called this out at 15 and sold wayyyy too soon! dont want too fomo here but those who are still in shares can expect 100 in the near future if this continues this parabolic run! goodluck :)
Blink Charging - mid termBlink Charging. taking into consideration the chart all the way back to the early 2000s. possible next goals
Blink broke out of a rounding bottom; may retest breakout levelOn the weekly chart (second chart) it is possible to see that Blink broke out of a rounding bottom. The candles that preceded the breakout candle showed high volume, and the breakout candle also had decent volume. The long trend is definitely bullish.
On the daily chart, however, there is a clear bearish divergence forming between price and RSI. Also, for most of the recent sharp rises in price Blink has retraced to either the 21-ema on the weekly or the 21/14 emas on the daily. The 14-ema on the daily roughly coincides with the breakout of the rounding bottom (about $34), which is also the .5 fib retracement level of the last swing (if we consider the last candle the top of the swing).
We also need to keep in mind blink had started a small retracement the past couple of days. The sharp price rise today is most likely connected to this piece of news: www.fool.com
It is very possible the price will continue to go higher as the momentum is bullish, specially after that piece of news that came out today. However, a pull back after the last swing high of about 92% to retest the rounding bottom breakout line would be healthy for a next push up and would be in line with how Blink's price has acted in the past.
I sold the previous rally at around $38 (bought at $25). If the price does retrace I am looking to jump back in at around $34 and $30 (the .618 fib retracement level and roughly where the 21-ema is sitting on the daily chart).
***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.***
$BLNK PT 95 and higherBiden passes Bill for 500k EV Charging Stations...
Blink Charging Co., through its subsidiaries, owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States. 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 tracks various Blink charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing; and provides EV drivers with station information, including station location, availability, and applicable fees. In addition, the company provides EV charging hardware, site recommendations, and maintenance services. It has strategic partnerships across transit/destination locations, including airports, auto dealers, healthcare/medicals, hotels, mixed-use, 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 field sales force and reseller partners, as well as sells home unit chargers through various internet channels. As of December 31, 2019, it had approximately 14,778 EV charging stations. The company was formerly known as Car Charging Group, Inc. and changed its name to Blink Charging Co. in August 2017. Blink Charging Co. was founded in 2009 and is headquartered in Miami Beach, Florida.
good sell setupshort it wit any spike up from here. EV drama will go on for some more time so not seeing much upside potential here
BLNK Bearish Trade IdeaBLNK reacting to KEY level of resistance. Could see a pull back to the VPOC on the 4H
Bearish divergence on BlinkAfter rallying about 92% from the previous retracement to the 21-ema Blink is showing a possible bearish divergence on the daily chart with a couple of cross overs on the MACD and narrowing of Bollinger Bands. It already dropped about 1.56% in the after hour session (about 6pm EST). I am waiting for confirmation on the next candle but this may be a good time to take some profits off the table.
DISCLAIMER
***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.***
BLNKblink charging
ok, I think this is extremely interesting
it has been going really high from the $20 bottom. almost +100%.
after it hit today's resistance line, it is probably going down, BUT then we have to possibilities:
it can resume going up, to more than $40, OR it can keep going down.
there is a divergence in RSI and chart's prices, so it SHOULD go down, BUT in the lasts months I saw happening the opposite.
it is surely interesting, as well as dangerous, but can be a great opportunity.
trade well.
Long BLNKAscending Triangle with a breakout on volume
Bought the March 19th 2021 25/30 bull call spread.
