BLNK trade ideas
$BLNK megaphone is developing since Feb 1NASDAQ:BLNK Watch for its borders, it suppose to be so loud.
BLNK - Strong Uptrend and Retracement Reversal (Etoro Portfolio)The price has three times reversed from MA20 (orange) after cross above MA50 (blue), it had formed a pin bar at MA20.
Energy sector and high IBD's Relative Strength rating = 99 and industrial group rank = 1/197
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The company that lost money for a decade but soared 3000% !!!!Guess it ? Yes, it is none other than Blink Charging Company. No, do not blink your eyes when you read 3000% returns in a mere 8 months period.
If you , like me are the lucky guy who went in (blindly or half blindly) to long this stock, there is nothing you can do than give your heartiest congratulations to those who did.
I see a fairly strong resistance at 56.60 price level and it is likely to pull back from here. It can either goes to the lower channel and continue to go higher as millions of retail traders are hungry for this stock (nobody cares about the financials, the CEOs sold the shares, etc)!! OR it could tumble more to 36.15 level.
Neither of which level would prompt me to go long since I have in a way missed the 4 digit returns thus far. Buy not because it is popular or it is the stock talk of the town but a story you can believe in for years to generate consistent returns for you. I do not need a one hit wonder (a good to have but not a must have) in my portfolio as that would disrupt the psychology.
Others who love to catch fast train and have the risk tolerance may participate in such frenzy stock but you always have a choice and your choices in life determines your consequences. So choose wisely......
$BLNK Resting on the 52 volume shelfBLNK took a bit of a beating today. It appears to have settled finding buyers in the 52 volume shelf. This probably a good place load if you're bullish.
Short squeeze mini series # 21What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers bail out to cut their losses.
*Contrarian investors try to anticipate a short
squeeze and buy stocks that demonstrate a
strong short interest.
*Both short-sellers and contrarians are making
risky moves. A wise investor has additional
reasons for shorting or buying that stock.
Will BLNK Go Up To $60 This Week? I Think It Just Might!My short term target for BLNK is $60 and long term is $80+
Last week BlNK we saw BLNK retrace to the 0.618 Fib level around $50. Not to mention the 18 EMA & 55 EMA Cross over.
EV's are here and they are staying. I am very optimistic in this company and the whole EV space.
Blnk next weak!I think next weak blnk will go up to 63/60 next weak!
Short term good entry point 53/50, price target 60+, stop lose 50!
Med term good entry point 45/50
Long term good entry point 35/45
First suport at 50 dolars, Second at 45, Last suport at 35 dolars!
This its just my idea, and not a finacial advice!
Interesting double volume shelves 52 & 45 AreasI recently exited my position on this ticker at 54. There's an interesting double volume shelf forming here. The 52 area could become a launch pad for higher.
I'm not really sure what it wants to do next. If falls back to 45, i'm buying a truck load of this stuff.
BLNK UpdateTargeting 70 as the next PT for BLNK :) There's alot of resistance ahead but she'll get there. Needs a break of the channel it's in and the supply zone. Would advice buying at the bottom of the channel and just hold :)
BLNK - February 4, 2021BLNK following on track here as long as the EV space holds up. 57 is the next stop then 64 shortly after.
$BLINK 4h Rotation into EnergyScanning through the heat map looks like we're rotating into energy and the dow has moved bearish to bullish. Calls above 53.28 on $BLNK looks great for an entry.
Ascending Triangle for higher highsHi Guys, first time making a publish and wanted to get some feedback.
Looks like we have resistance at 53.31 on the daily chart time frame.
I have mapped out a strong Ascending triangle coupled with a Ascending Channel.
Either tomorrow or sometime next week we could see a dip and and strong rise for higher highs.
Can expect a resistance at at the ATH around 64.50 but coupled with ascending a triangle I can see it testing new highs.
NASDAQ:BLNK TSXV:BLN NASDAQ:BLNK SET:B
$BLNK Sets Up the Pullback Long$BLNK lines up the classic "pullback long" setup as a leadership name in the leadership EV space.
