Support at SMA50 and MACD crossing?NASDAQ:BLNK
Just messing around here. I think this is about to unplug and move. We got some strong news from the reseller agreement with Ballantyne. The charts also show some good support at the SMA50. MACD moving to cross.
I'm getting in for a taste. If we can get some good volume and that MACD to cross in the next few days, I think we'll test ATH at $65 and may even get into the $70s.
Target #1 - $65
Target #2 - $72
Target #3 - to infinity and beyond!
Let's see how this plays out. I may get some 2/19 calls if it dips a bit tomorrow.
LFG!
BLNK trade ideas
$BLNK Triangle or rising wedge?BLNK found itself rejected at the anchored VWAP from the January highs and it put in a daily inside day last week. Indicators looks a little exhausted after running strongly from the lows a few days ago, due to some bad news. Whether it's a triangle or a rising wedge, I carry no bias until price action tells me if these EMAs will hold the daily levels or if we're getting a pullback before we're ready to break higher again. I am looking to add if we enter my buy zone. The maginot line it's a clear trend break to the downside that should be worth looking at if this proves to be a rising wedge.
BLNK ReversalAfter bottoming out at the 200EMA, the 20 & 50 became new support - on the days there is a strong bullish hammer along with an ascending triangle forming. Biden also speaks today about the infrastructure plan, will be watching for a mention on clean energy, should bring the reversal. Watch for a break above the 41.5 and 44 levels, no stopping after that!
$BLNK Target 53.77 for 31.08% $BLNK Target 53.77 for 31.08%
Or next add level is at 28.27
I did not add here today... just charting and targeting...
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
BLNK Breakout of Ascending TriangleBLNK gapped up on Thursday morning, breaking out of the ascending triangle (green lines), but trended down the rest of the day due to the market sell-off ahead of the 3day weekend. However it managed to close right at the top side of the triangle ($41 level) which also happens to be the 50% fib level. This will act as a very strong support level,l and if it holds, we should see $48 for BLNK this week. By late April, we should see BLNK retest the December high of $56.
ABC BullishBLNK appears to have gotten tangled up in an ugly top but looks to be recovering.
The long legged doji (LL) is a wonderful candle that can show you support. Support and resistance level were not carved in stone and can be broken. There will be more resistance on the way up this go around.
ABC bullish is a measured move down, a corrective more and usually within a larger move up. The target is D.
BLNK was definitely struggling before this sector emerged again. On a rainy market day, BLNK will possibly struggle again. Long entry level is important. The 50 is tiliting down but the 50 moving average, the 100 and 200 are all where they are supposed to be. The 100 and the 200 are sloping up. Price is struggling to stay above the 50 and close was slightly below the 50.
Loing term targets are, well long term and these are dependent on market conditions. I focus on targets 1.
Not a recommendation.
Trust yourself.