$BLNK double bottom wya bulls
Here we have 
BLNK in a bullish double bottom pattern, price action must remain above $32.43 imo to remain bullish. All indicators on all time frame suggest momentum is headed towards the upside. Price closed just under the 21 EMA, but not before price pierced through it, if you look closely at the wick you'll see the high of that day was $37.90. BLNK has 17 days til earnings, its Implied volatility is around 106%, and the IV Rank is about 4%. Mean reversion is likely to take place when the IV rank is this low. This is still a risky trade, The short float percentage is around 38% of the companies shares.
BLNK in a bullish double bottom pattern, price action must remain above $32.43 imo to remain bullish. All indicators on all time frame suggest momentum is headed towards the upside. Price closed just under the 21 EMA, but not before price pierced through it, if you look closely at the wick you'll see the high of that day was $37.90. BLNK has 17 days til earnings, its Implied volatility is around 106%, and the IV Rank is about 4%. Mean reversion is likely to take place when the IV rank is this low. This is still a risky trade, The short float percentage is around 38% of the companies shares.
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