$BLK - watch this👀

BlackRock, Inc.NYSE

Description

⋅ Jan 29, 2024 9:28 AM

NYSE:BLK

Daily chart:

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:

Last week, it formed a bearish engulfing candle with a higher selling volume, following a hanging man candle from the prior week.

Comment

⋅ Jan 29, 2024 10:36 AM

A strong daily close above 20ema will invalidate this trade idea.