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VantageMarkets
May 10, 2023 9:04 PM

BlackRock to breakdown? Short

BlackRock, Inc.NYSE

Description

BLACKROCK - 30d expiry - We look to Sell a break of 618.88 (stop at 645.88)

Intraday signals are bearish.
Price action is forming a bearish flag which has a bias to break to the downside.
620 has been pivotal.
A break of the recent low at 620 should result in a further move lower.
This stock has recently been in the news headlines.
Short term momentum is bearish.

Our profit targets will be 552.31 and 542.31

Resistance: 647 / 670 / 700
Support: 620 / 600 / 580

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