BLNK Breakout of Ascending Triangle
BLNK 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.
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