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Karam08

To $617 - Short after earnings (Weekly chart)

Short
BlackRock, Inc. (NYSE:BLK)  
Karam08  
NYSE:BLK   BlackRock, Inc.
Trend Analysis Flag Parallel Channel bearishdivergence
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trendanalysis flagpattern parallelchannel bearishdivergence
BLK has moved nicely in the FIB channel since 2008. It is now over-extended and filling in the triangle on the weekly chart.
I expect the stock to consolidate for few more weeks until earnings, and we see the decline right after earnings in Jan.

Side note: A Bearish divergence is forming on daily chart view as well.

Price target: $617-653 (by March 2021)
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