Blackrock (16.07.2014) Technical Analysis Training

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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 diagram shows bullish trend . The monthly is overbought.

So the first think in mind is long for BLK but today (16.07.2014) MACD must give a long sign. The volume is moderate.

As it concern the candlestick pattern it shows a reversal hammer (like shooting star ) but we have to wait the close hour. The share is above the KUMO and above the Kijun Sen (blue line) too. Today the share fight with the Tenkan Sen (light green line) support.

There is no special pattern.

If the share does not brake the TenKan Sen down and MACD gives a buy signal then more long movement is ahead. Otherwise we may have a correction to Kijun Sen Support at 319 for a the starting of a new uptrend.
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