- Blink Charging Company shares trade 4.72% lower on Friday.
- The price is now in a consolidation mode and the next resistance is at USD 13 per share.
BLNK Stock
Blink Charging Company (NASDAQ:BLNK) shares are struggling at the end of the week. After the companies great run of late rising 361% since 25th June and now it seems the bulls have stalled. The firm has been winning contracts all over the US and also received a grant to deploy 200 Blink Fast Level 2 charging stations across the mid-Atlantic region, including Virginia, Maryland, West Virginia, and Washington D.C.
Looking closer at the chart, the price has now stalled into a consolidation pattern between USD 14.56 and USD 10 per share. The top of the pattern is marked by the black downward sloping trendline. If this level breaks then the bulls could look to target the high of USD 14.56 per share and maybe keep the trend going. On the bearish side, the price has now broken below the 55 Exponential Moving Average. This is not the end of the world as the price has done this before and moved back higher but it is not a bullish sign.
If USD 10 per share breaks then it could be safe to assume the market is moving lower. There is another resistance zone underneath that at 8.50 and this could be considered the main support on the chart. The indicators are looking mixed. The Relative Strength Index is above the 50 area but only just. The MACD histogram is red but more importantly, the signal lines are hanging on above the zero line. All in all, the price is still in an uptrend but next week it would be important to see if the psychological USD 10 per share level holds if it does it could be a positive step for the company.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD holds steady above 0.6300, awaits fresh impetus
AUD/USD is holding steady above 0.6300 in the Asian session on Thursday. The pair draws support from a broadly subdued US Dollar even as markets remain wary of escalating trade war, assessing its implications on global economic prospects. US PPI inflation eyed for fresh impetus.
USD/JPY turns lower to near 148.00 amid divergent BoJ-Fed expectations
USD/JPY turns south to test 148.00 in Thursday's Asian session. A cautious risk tone and concerns over a global trade war keep the Japanese Yen underpinned, dragging the pair lower. The pair also faces headwinds from the divergent BoJ-Fed policy expectations.
Gold price trades within striking distance of record-high at $2,956
Gold price closes in on the $2,950 level in the Asian session on Thursday, looking to retest the all-time peak of $2,956. Concerns about rising trade tensions and slowing economic growth continue supporting the traditional safe-haven bullion amd cooling US inflation-led dovish Fed expectations.
XRP notes slight uptick following rumors of Ripple and SEC nearing a conclusion to their four-year legal battle
Ripple's XRP recorded a 2% gain on Wednesday following rumors of the company nearing an agreement with the Securities & Exchange Commission to end their four-year legal battle.
Gold price trades within striking distance of record-high at $2,956
Gold price closes in on the $2,950 level in the Asian session on Thursday, looking to retest the all-time peak of $2,956. Concerns about rising trade tensions and slowing economic growth continue supporting the traditional safe-haven bullion amd cooling US inflation-led dovish Fed expectations.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.