With a break in 50 day SMA
BLNK
has moved to it's next important level of support.
TSLA
promised some large advances over the next 3 years in the EV and electric power scene and has sent the whole EV sector into a short term tumble. BLNK has faced a short term downside, however in the longterm, cheaper materials, quickly advancing technology, and election year will likely make this sector a winner. Big names like
GM
have began to lay groundwork for their own cost sensitive EV. The only question is when the bounce will happen. There is a lot of downside if support breaks today. The curved line is the path post correction.
BLNK
has moved to it's next important level of support.
TSLA
promised some large advances over the next 3 years in the EV and electric power scene and has sent the whole EV sector into a short term tumble. BLNK has faced a short term downside, however in the longterm, cheaper materials, quickly advancing technology, and election year will likely make this sector a winner. Big names like
GM
have began to lay groundwork for their own cost sensitive EV. The only question is when the bounce will happen. There is a lot of downside if support breaks today. The curved line is the path post correction.