The T-line continues to act as a support level in this uptrend. The NASDAQ gapped up above Friday’s open and trading positive from there, a very bullish indication. The electric vehicle sector is still very strong. BLNK may now be too strong, gapping up in the overbought position and trading up another 40% today. This is where watching the 10 minute chart becomes important. Safety stops for profit-taking should be put in place. The strong sectors continue to act strong. Electric vehicles and lithium mining stocks are still working well.
November 23rd Daily Market Comments
The T-line continues to act as a support level in this uptrend. The NASDAQ gapped up above Friday’s open and trading positive from there, a very bullish indication. The electric vehicle sector is still very strong. BLNK may now be too strong, gapping up in the overbought position and trading up another 40% today. This is where watching the 10 minute chart becomes important. Safety stops for profit-taking should be put in place. The strong sectors continue to act strong. Electric vehicles and lithium mining stocks are still working well.