BLNK Bearish trend BLNK is presenting a bearish pattern and a rejection completing wave E.
Test of 26
Volume decreasing creating a volume wedge
Average P/C ratio .798
BLNK trade ideas
BLNKMID-TERM: Close to a potential breakout of a triangle pattern, double bottom, bullish convergence on MACD/RSI, over historical support. (not financial advice)
Blink Charging Technical Analysis - Short SqueezeShort Squeeze on $BLNK - predicting price to hit $100+ by mid next year.
BLNK long positionEasy to size up trade. After consecutive higher lows and squeezing in the structure that's been formed it's very likely to break to the upside looking at the same bottom divergence on both the MacD and RSI. PT and SL are highlighted on the chart. This asset loves to move fast as theirs a lot of daily volume that comes back in when rallying. $34.67 is strong support so i'll be looking to take a long position on confirmation of back-test after breaking the structure. Best of luck and let me know your thoughts down below! SET YOUR STOP-LOSS. Stop riding losing trades to the bottom :)
$BLNK Mid/Long Term Set UpLooking at this chart we can see that it's been forming a wedge around the 0.618 level for a strong wave one it had last fall. There's been a good period of consolidation and I feel that the EV sector is likely to gain an increase in attention going into the end of the year. The overall market, in my opinion, is likely to dip going into early September and this would be a good opportunity to enter into any long plays/
BLNK BLNK BLNKLot of possibilities on this. Crypto is on the move, so there is no doubt this stock along with COIN will move.
It has been sitting this consolidation area for a few weeks. On the daily, it is reaching the end of it's triangle, hitting the bottom a few days ago. It broke past it's descending trend line (white) 3 days ago and has moved 3 point.
I think it can rip and break out of the triangle soon. I do think if it's still int he consolidation ~44 is it's limit, but if it does break past that that it can go as high as 64.5 as it's next resistance!
BLNK heading downWeak fundamentals. weak earnings,
under all MAs, MACD is heading down.
The only reason the stock can go up would be a short squeeze, with short ratio above 6 and short float above 30
So, the idea is to play it short intraday. Taking a swing can be dangerous because of a possible short squeeze
BLNK Bullish 📈Interesting blink setup here, should see a bounce of off support here to resistance.
Lets see where this breaks, looks more bullish than bearish.
TrendyTrades: BLNK WedgeCould go either way but I'm leaning more on a break out to the upside based off a daily uptrend and fib retracement level.
Symmetrical Triangle - Watching closelySymmetrical triangle forming on BLNK- Bullish
- MACD Crossover
- Bollinger bands squeezing
- Just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones
- Infrastructure talks could serve as a catalyst for a nice bounce (Broader Market Condition Permitting)
BLINK CHARGING CO FLAG AND POLE BLINK CHARGING FORMING A CLASSIC FLAG AND POLE PATTERN ON A WEEKLY TIMEFRAME.
UPSIDE OF 52% AT RESISTENCE ZONE AFTER BREAKOUT. SMALL STOP LOSS BELOW THE TREND LINE WITH LOW RISK TO CAPITAL.
FEEL FREE TO LEAVE YOUR FEEDBACK
THANK YOU
Blink Charging: A Conditional Red-To-Green TradeBlink Charging (BLNK) | Higher Risk, Short Term Tactical Reversal Trade Idea
The share is in the EV sector. Having been a downward trend since late June, we consider a short term ‘red-to-green’ trade where, a gap/print lower followed by a reclaim of the prior day lower would set up a bullish reversal. Should this occur during Wednesday’s trading session , the reclaim low would be $32.98 (must hold here for confirmation), for a reversal back to the $35.50/35.90 range. The 7-day RSI is at 21, suggesting a ‘near overbought’ condition.
Stop: $31.20
blink buyprice broke weekly downtrend & price is currently at the area of the trend line break creating a demand area. Price is also was a previous area of supply that was broken. Price did break on on the daily while rejecting the trendlibe break. 4 hr engulfing candle on the trend line break.while rejecting the sells two dojo bear candles for the pullback. on the 1hr chart price has made a consistent floor area.
Correction almost completedLooks like a triangle abcde for Wave 4 and should start a wave 5 next week.
$BLNK Potential Bullish wave targeting 49 and 56Most of indicators are bullish except that 44.8 is Strong resistance - if close above it then it will open the gate for 49 then 56 - Other resistance near by 45.8 and 46.4 previous top) - Note: its one of the highest volatility . so strangle options or straddles will be nice ... :) Stops for longs below 38
#BLNK 1DBLNK is breaking the all-time high AVWAP. There is high possibilities for long trading - watch out.
BLNK LongLong BLNK price targets 45-50. Breakout of downtrend followed by bull flag and breakout doji on friday. Look for immediate move Monday AM.
BLNK Cup and HandleBlink recently had heavy buying out of it's down channel. It was on it's way up until the FED meeting. It could be sold back out or on a pullback. Waiting to see if it will continue. Might put test shares in if it comes down to the most recent shelf and hold.
