Blink Charging Co. (BLNK) is looking good, reversing on Tuesday from 9.04 to 10.23, closing at 9.99, up 85 cents, or 9%, says Harry Boxer of TheTechTrader.com.
The move, which came on 9 million shares, positioned the stock at resistance. If it can get above the 10.25 range, targets are 12 1/2 and 14.
Social Capital Hedosophia Holdings Corp. II (IPOB) broke out of a wedge on Tuesday and jumped 2.03, or 12%, to 18.75 on 4.7 million shares. The stock reversed from a morning low of 17.16 to a session high of 19.40 before pulling back into the close. I think it can extend to the low 20’s.
NIO Inc. (NIO) popped out of a coil on Tuesday, up 2.04, or 11%, to 20.85 on 163 million shares traded. The stock went from a low of 18.71 to a session high of 21.12, and had a really nice close, the highest we’ve seen. I’m looking for 25, and eventually 33-35 in the next few weeks.
Harry Boxer is founder of TheTechTrader.com, a live trading room featuring his stock picks, technical market analysis, and live chart presentations.