Shares of the accounting software developer BlackLine will be included in the S&P SmallCap 600 index starting from the trading session on 18 March. This index comprises companies with modest market capitalisations of up to 3.6 billion USD. Inclusion in the index means that the stock will automatically be added to the investment portfolios of some exchange-traded...
$BL lower RS name @ 77 as its been going sideways for few months potentially putting final days in stage 1 phase.
Failed breakout/reset setup. They've been working for me.
Bump and Runs are considered in my eyes a neutral pattern once complete.
If you catch the bump expect a large run up, above the main trend line .
Following this expect the 'run' where price runs back to the major trend line in green.
It is likey the low of 49.66 hit on 12 May is "the" low for now as we see a bullish pin bar has formed on the monthly chart on relatively high volume.
Now appears to be forming the right shoulder of a Head and Shoulders pattern with neckline around 78. A breakup of this neckline (preferably on relatively good volume) will likely mean the stock has turned the...
BlackLine holds its RSI support. Also, you can easily see that it has broken its RSI descending channel.
From the MACD point of view, it has a hidden divergence, as shown in the chart.
From an overall perspective, it is a golden time to buy BL!!
The target points are indicated in the charts.
Two fractals inside the running flat Elliot correction wave is enough for me to deduce that my pattern is on the right track. I Might buy some calls.
*** This is not financial advice, it is merely my opinion***
I got the break of the low, (C) was lower than (A), This is what I look for before opening a position in calls. I believe Inflection points (A B C) reveal alot about the stock's behaviour.
Hey traders, BLACKLINE is in a very important moment in its history we can witness a new historical high. It's in a bearish fake setup with a hammer candle and a fake high volume traded sell. Looking at the TIMEFRAME M1 we see a dash with a low volume of chat performed, it goes towards the base of the bollinger. To check it and finish on the top of the...
$BL is projected to have a bullish outlook even after a negative earnings release, with price currently trading close to the lower boundary of the PEAD cone.
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$BL shows bullish trend before the earning.
12 months Consensus Price Target: $76.75
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
