Charging up for $20?

BLNK seems to be in downtrend, and there is a high possibility of channel bounce as we have hit the channel boundary. Currently oversold as the market goes beyond the channel boundary.

Trade idea 💡
Entry: "Only" after stock goes back in the channel and confirms upward momentum ($16.25+)
Exit: Between $19-20 as market reaches channel boundary and resistance

Disclaimer: This is not financial advice. Please make your own decisions while making an investment.