11/14/21 BLNKBlink Charging Co. ( NASDAQ:BLNK )
Sector: Consumer Services (Other Consumer Services)
Current Price: $40.01
Breakout price trigger: $41.50
Buy Zone (Top/Bottom Range): $37.50-$34.60
Price Target: $47.50-$48.00 (1st), $53.00-$54.00 (2nd)
Estimated Duration to Target: 27-30d (1st), 55-58d (2nd)
Contract of Interest: $BLNK 12/17/21 40c, $BLNK 01/21/22 45c
Trade price as of publish date: $4.25/contract, $3.90/contract
BLNK trade ideas
Blnk Gets rejectedHad a great week with news on Of infrastructure deal pass and then the earnings was the cherry on top. But even with all of that news we still couldn't breakout of this range here. To top it off, the rejection came with Blnks highest Volume since January squeezing.
I think we close that gap early next week at 35 and from there we could be headed lower
BLNK Earnings move predictionBLNK has been trading in this range since April. It looks like it wants to come down and test the green trend line, but since earnings are after hours, it could end up running throughout the day. Ultimately, I think it will move down $3-$4 for earnings, unless it closes down a large amount beforehand. Total revenue is going up but operating income is getting worse each quarter. I believe future outlook for the next quarter will be cut. I'm keeping this on high watch tomorrow.
$BLNK Daily breakoutNice triangle breakout from Blink charging. I went long commons, up 11% with a trailing stop. Lot of overhead supply to cut through, however a break of volume shelf at $35.9 zone would suggest a larger upside move to $44.5. Needs more volume and saw a good uptick today.
Watch for possible breakout retest, but curling moving averages, MACD and money flow has my near term bias to the upside for this idea -
Commons .... 11/19 $35 call with 1,786 OI .... DEC 28/29P spread for about .33 credit
Upside +70%A company with good fundamentals. In the long run, it will be worth more than $60 per share. Delivering more and more products ( electric charging ) as the quarterly reports show. Now began an upward movement after accumulation. The support level was 26.09.
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11/1 - 11/5 watchlist #2 $BLNK +32
Price Targets: $33, $35
Technical Analysis: Descending triangle breakout
News Catalyst: " All day - The Gabelli 45th Annual Automotive Aftermarket Symposium runs all day. Presentations in past years have led to some notable share price moves. Participants this year include Hyliion Holdings (NYSE:HYLN), Blink Charging (NASDAQ:BLNK) and Canoo (NASDAQ:GOEV). Adding to the intrigue, short interest as a percentage of total float on all three names is over 20%."
$BLNK Falling Wedge consolidationBeautiful weekly chart here. Falling wedge, with bullish divergence, nearing seller exhaustion. Money flow starting to come up a little bit too. Might want to dial in stop losses and entry on a lower time frame, these are not meant to be strategic, however they are 3:1+ targets
BLNK - Descending WedgeWith converging trend lines and declining volume, a break through the upper trend line with volume is all that’s left to confirm the pattern. The week of 10/4 also created hidden bullish divergence as price made a higher low and momentum making a lower low.
I’m in commons but will be starting a position of the JAN2023 30C.
Stay Green.
*NFA*
$BLNK At Support, Bullish Options Flow$BLNK At Support, Bullish Options Flow - High probability of a near term bounce from this area. Monitor for a daily close over the 9d ema.
Unusual Options Activity - Bullish short put traded today
3k $40.00 deep in-the-money December puts SOLD today for $4.1M
Near term target: $32-$36 range possible by Halloween
Note: This is NOT investment advice. Educational only.
BLNK STOCKi have a position on this stock from $29.19 and have stops below 24 just to give it some wiggle room since it has tagged the 61.8 before. i have targets at 79 but since it has never been that high before i will probably look to lock some profit in at previous highs and ride the rest to target if it happens. Set up is a traditional hwb all time low to all time high. 50% touched, broke above 38.2 and retest of 50% was our entry. Just discovered this set up last week and got a good price for the trade. Also forming a wedge down here so hopefully we can get a break out. With my position at 29.19 and stops $5 below, price target $35 higher (previous highs) it gives us a good risk to reward of about a 1:7. I like to keep things simple, with stocks i prefer larger time frames.