The price of BLACKLINE shares corrective action. The next correction wave size may be half the size of the previous correction wave. This means that the flop reduction may be stopped by the flat ATR axis at the level of USD 28.89. Then, on the basis of the wave rule, I expect a rising wave of double amplitude. For this purpose, it would be close to 39.68 usd.
After a big fall, it's even bigger. We are of opinion that BLACKLINE shares will continue to fall in the long run. But before it, a correction precedes it. From 28 usd level, with a flat increase to reach USD 35,41. The bigger fall is here. Up to 14,52 usd. At this level, after long period of consolidation ,we expected the exchange rate to rise again.