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
$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 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.
Market Watch for Week of 8 March 2021 Pt.2Just finishing up my watchlist for the week, had a lot this week so I wasn't really able to get to much into my reasonings for the potential entries.
Pt. 1 is also posted.
Again, since due to the amount of additions to my watchlist this week I ran out of time for the video.
If you have any questions at all about my thoughts on any of the tickers in the video feel free to reach out to me and ask.
Good luck this week
BLNK Descending Wedge Breakout AGAINBLNK Descending Wedge Breakout
Clean Energy play, great for Long Term as well
- Great news with setups in S.A. EVPA plan,
other catalysts include EV expansion
in other states like FL and NH
BLNK has formed this pattern 5+ times now
Breakout imminent, low volume pullback
TTM Squeeze on 30m (last squeeze jumped 20pts)
RSI, 20, and 50EMA curling
Held 20EMA on the daily
PT1 58.3
PT2 64
PT3 75+ by Q2
BLNKcould we see another 4x in the next 2 months?
I obviously can't say that for sure, but you know, it can be, or it could not.
anyways, here we are again.
so, as the chart explains, if the price bloke below the trends line, it is probably gonna fall.
I also market with purple an area in which we have a "zone" more than a line that works as a support.
how you find it interesting, and follow me.
ty for paying attention.
$BLNK Before ERAlthough we got a bullish candle last week, I am still waiting for confirmation on a bullish trend aside from the daily timeframe. All other timeframes are showing a thinning kumo cloud. On the daily, the conversion line has almost crossed the base line. Should the current trend continue, the conversion line (blue) should deviate from the base line to keep price action above the still bullish kumo cloud.
Electric Vehicle Frenzy. Is XL the Next Breakout?!?XL is an EV play that I have been watching for the past couple of weeks. Recent news: 6 days ago they released news on a partnership to develop all-electric and plug-in hybrid refuse trucks with Curbtender. They also were initiated with Buy rating and $30 PT at Canaccord and BTIG. This news gave XL some momentum and we gapped up 8% and tried to break out of the Daily channel. XL sold off hard and gap filled but found a bottom at $20.12 area and has started to bounce. Today we retested the Daily trend line but failed to close above. EV stocks are hot right now (check out NIO and BLNK). XL looked to have the same momentum this morning but failed to hold the gains.
Volume: on the 4h chart we can see a stepwise increase in volume as we found support around $20 lvl. Today’s volume may have just been a sympathy play based on the overall EV market but keep an eye on how XL behaves the rest of this week. I am going to be watching to see if we can breakout of this Daily channel. This would set up a retest of $25. The main thing missing from XL is volume. Ideally we want to see >12M in volume.
SMA’s: We have the Daily 20 SMA serving as support at the $20.18 lvl and on the 4h chart we are sitting right above the 50 & 20 SMA’s which should help hold the $20 lvl.
Plan: I am currently swinging shares at $20.41 avg which I will hold with a stop loss under $18.30. If XL fails to gain momentum and breakout I will be looking for another leg down to the $18.70 area where we had the triple-bottom. If these lvls can hold I will add more shares.
If volume and momentum continue into tomorrow and we can break out of the wedge pattern then I will be adding 2/19 22.5 and 3/19 22.5 calls for swings.
**I will be keeping an eye on NIO NYSE:NIO /BLNK NASDAQ:BLNK to monitor EV momentum. I am currently in NIO calls as of this morning with the massive breakout. Hopefully, this can continue into tomorrow for XL.
About XL: XL Fleet Corp., formerly Pivotal Investment Corporation II is a provider of vehicle electrification solutions for commercial and municipal fleets. The Company offers electric drive systems that enhances fuel economy up to 25-50% and reduce carbon dioxide emissions up to 20-33%, while enhancing fleet operations. The Company offers XLP plug-in hybrid electric and XLH hybrid electric upfit solutions. Its hybrid solutions can be installed onto many of the gasoline and diesel fleet vehicles, including pickup trucks, cargo and passenger vans, commercial vans and shuttles, box trucks and delivery vans. The Company offers its solutions for Ford, Chevrolet, GMC and Isuzu customers.
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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