Analysis: #NASDAQ $BLIN
Case 412 #BridgelineDigital Inc.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#BLIN 1/4
Case 412 #BridgelineDigital Inc.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#BLIN 1/4
Chart 1
Daily Chart: Price has risen strongly off the all time low, smashing through the June 2020 #pivot and stalling at the Dec. 2019 #trendline. A close/hold above 3.38 is required to tackle .....
BLIN 2/4
Daily Chart: Price has risen strongly off the all time low, smashing through the June 2020 #pivot and stalling at the Dec. 2019 #trendline. A close/hold above 3.38 is required to tackle .....
BLIN 2/4
..... synthetic #resistances at 4.44/64, 5.58. #Support begins from #Fib. 0.382 at 2.45 stretching to the pivot 1.93 with #SMA 50 at 1.89.
BLIN 3/4
BLIN 3/4
Chart 2
4 Hour Chart: Good support seen off the main SMAs - the 200 at 1.43. A close below the #confluence of the Fib. 0.886 and March 2020 at 0.90/89 would damage the #bullish trend.
The #Strategy is printed on the image.
$BLIN 4/4
4 Hour Chart: Good support seen off the main SMAs - the 200 at 1.43. A close below the #confluence of the Fib. 0.886 and March 2020 at 0.90/89 would damage the #bullish trend.
The #Strategy is printed on the image.
$BLIN 4/4
