Nice triangle breakout from Blink charging. I went long commons, up 11% with a trailing stop. Lot of overhead supply to cut through, however a break of volume shelf at $35.9 zone would suggest a larger upside move to $44.5. Needs more volume and saw a good uptick today.
Watch for possible breakout retest, but curling moving averages, MACD and money flow has my near term bias to the upside for this idea -
Commons .... 11/19 $35 call with 1,786 OI .... DEC 28/29P spread for about .33 credit
Watch for possible breakout retest, but curling moving averages, MACD and money flow has my near term bias to the upside for this idea -
Commons .... 11/19 $35 call with 1,786 OI .... DEC 28/29P spread for about .33 credit
Commento:
Made okay, stopped out and locked in gains. still on watch looking to reenter as I think this has more room to the upside.