BLNK is identified as Bullish, suggesting a Buy and Hold investment position
In the long-term strategy, the current trend zone is identified as Bullish, suggesting a Buy and Hold investment position. This strategy involves holding assets for an extended period to enjoy investment returns, with a shift to selling when the trend enters a Bearish zone. Maintaining the current investment position is advised, having held for 16 days since entering the Bullish zone with a cumulative return of 27.7% as of the current date.
For the short-term strategy, although currently in a rapidly changing Bullish zone, a shift to a Bearish zone is expected soon. Buying and holding is recommended for now, with suitable buying timing predicted to be either today or tomorrow. The selling point is forecasted to be in 3 days, with a selling price of $3.9. The stock price is expected to closely mirror movements in the US stock market due to high correlation.
Long-term strategy
The current trend zone is Bullish. and Investment position suitable for the trend zone is Buy and Hold.
The trend within a Bullish zone is divided into an 'Uptrend' in the upward direction and a 'Correction Trend' in the downward direction. In the Uptrend, there is a strong upward flow with occasional downward movements, while in the Correction Trend, there is a fluctuating flow involving limited or temporary downward movements and upward fluctuations. Investing in this zone is associated with high expected returns and a low risk of decline.
In a Bullish zone, the potential for strong buying pressure is maintained, leading to a robust upward trend and a relatively mild correction trend. When viewed through a medium to long-term investment approach, if the trend continues to move in the Bullish zone, one can anticipate an upward flow of the bullish trend, seeking the potential for high returns.
This is a method of investing in the long term, enjoying investment returns by holding assets for an extended period rather than engaging in repetitive buying and selling based on price fluctuations. And when the trend enters a Bearish zone, it becomes the Selling point.
As there are no anticipated changes in the trend zone that warrant considering a shift in investment strategy at this point, it is advisable to maintain the current investment position.
The 'Buy and Hold' position has been maintained for 16 days since the entry into the Bullish zone. During this period, the cumulative rate of return in the Bullish has been 27.7% as of the current date.
Short-term strategy
Indicating that We are currently in a bullish zone so far. But It is likely to change to a bearish zone within a few days.
In a bullish zone, where buying intensity is potentially strong, anticipating significant upward movements is reasonable. Therefore, actively responding with aggressive buying at appropriate entry points in the short term is effective. During selling moments, a gradual and partial selling approach is recommended. This strategy allows for the exploration of opportunities to buy back at lower prices.
Currently, it's about to begin a correction trend as an upward trend gradually gives way to a slowdown in rises and falling fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.
Entering a correction trend can be identified as the point when the previously strong buying intensity begins to gradually weaken, and the robust upward momentum starts to diminish.
It is expected that the overall trend movement over the next 10 days will follow a strong upward direction, with a ratio of 4 : 6 for the downward to upward direction, indicating a higher proportion of the upward trend. And, in terms of the expected intensity of the upward and downward movements, the upward intensity is higher, while the downward intensity is moderate.
A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be either today or tomorrow.
https://www.pretiming.com/2024/03/blnk-in-long-term-strategy-current.html
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