With a break in 50 day SMA NASDAQ:BLNK has moved to it's next important level of support. NASDAQ: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...
Bought today. holding for a day or two jump.
1. combustible engines are the past, the future is clean energy (evolution of car engines) 2. during economic downtimes people are unlikely to buy new electric vehicles, but people will still charging their already owned electric vehicles (somewhat recession proof) 3. buy low sell high (dirt cheap right now)
$BLNK has popped up on our radar screen. The stock is now trading above its 20, 50 and 200 day moving averages. At $3.04 a share, it looks to be a buy with a stop below the 200 day moving average of $2.58 on a closing basis. The company has been putting out press releases, which is always a good thing. The fundamentals also look quite attractive. Market cap:...
Daily bearish divergence. Seen this pattern too many times in crypto, short it