BLNK Technical Analysis 11-24-20

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Price has certainly shot up out of consolidation and hit a previous key resistance level. If it blows past the 2.618 fib level ($35.53) on the daily chart it has another resistance level at the 38.2 fib level on the monthly chart (around $40). The next level of resistance is the trend line around the $46 price level. I would wait for a pullback to a key support level and then enter. However, this is a very strong uptrend signal and price may not pullback. If you are bullish on the stock then place a buy above the 2.618 fib level and let the market come to you. Target price would be the trendline at around $46.