Blink Charging Co.

BLNK Breakout of Ascending Triangle

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BLNK gapped up on Thursday morning, breaking out of the ascending triangle (green lines), but trended down the rest of the day due to the market sell-off ahead of the 3day weekend. However it managed to close right at the top side of the triangle ($41 level) which also happens to be the 50% fib level. This will act as a very strong support level,l and if it holds, we should see $48 for BLNK this week. By late April, we should see BLNK retest the December high of $56.

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