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harrisonfromnyc

$BLK - watch this👀

BlackRock, Inc. (BATS:BLK)  
harrisonfromnyc Updated   
BATS:BLK   BlackRock, Inc.
Volume Support and Resistance Supply and Demand
2
0
volumestudies supportandresistance supplyanddemand
BLK

Daily chart:
snapshot

Last week, it showed weakness - currently hovering around the 785-790 support but below 20ema.

➣ A daily close below 785 ➳ may lead to a retracement towards the next support at 760-762, potentially filling the volume gap.

➣ Solid volume shelf above 790 + RSI bearish divergence.
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Weekly chart:
snapshot

Last week, it formed a bearish engulfing candle with a higher selling volume, following a hanging man candle from the prior week.
Comment:
A strong daily close above 20ema will invalidate this trade idea.
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