Chart is worth a 1,000 words: $366 line in the sand served as support and coincided with the bottom of an uptrend channel on my chart. February 420 and 430 calls were bought in late January, giving us confidence that the recent price dip was a support test that got bought. Also note that the daily MACD appears ready to turn up and the money squeeze is building,...
Have added support floors and resistance ceilings. Noteworthy, BlackRock has clear historical resistances that all consecutively became supports after breaking through. For your review: 285, 322, 337.5, as well as current support of 361.5 and resistance of 380. BlackRock has already outperformed all Too Big To Fails YTD, and I believe the trend to continue due to...
Let's take a quick look at one of the leading investment management firms, BlackRock, Inc. (NYSE:BLK) and find the best place to trade it. Yesterday, the BlackRock (NYSE:BLK) stock had a key reversal day on the charts, even as the overall markets were flat. After the stock made a new all time high during the first minutes of trading, at $337.65, it then proceeded...
The Blackrock (NYSE:BLK) Daily Diagram Technical Analysis Training shows the following:
The BLK share has made a long term consolidations in a symmetrical triangle from Feb 2014 (blue lines). Finally the share breaches the up side of the triangle and moved up. All this have happened above the KUMO, which means that the BLK is bullish in long term. The weekly...
There are quite a few Bearish Harmonic patterns on BLK's Monthly Chart. The more patterns the better the chance of it working out. I am overall Bullish on financials after the massive declines we saw in 08. BLK is a different story though. It has not only got back to where it was prior 08, but exceeded it. I firmly believe that as the market ticks higher we will...
