Blackrock stock looks a lot like bitcoin in 2018 when it made its first dead cat bounce in the beginning of the bear market after its parabolic euphoric rise in late 2017. Everything here looks terrible and I think we make a prolonged correction with a strong bottom in a few years. Could be a good investment at that time.
Blackrock Inc. clear longer bias with new weekly demand levels being created. Price has not pulled corrected for months hence no retracement to buy setups at weekly demand imbalances created around 526, 481 and 424 price areas respectively. Long term long bias at weekly and monthly demand zones with new demand imbalances being created and respected.
We know pretty well NYSE:BLK Black Rock is one the best companies in the world, but even mesmerizing when you see there's no roof for it.
So, few times Buy and Hold is the best strategy for any real investment, not speculative.
Tomorrow is an earning reporting day, do not why, but I would be slightly bearish.
Have a Good Trading Week.
Have added support floors and resistance ceilings. Noteworthy, BlackRock has clear historical resistances that all consecutively became supports after breaking through. For your review: 285, 322, 337.5, as well as current support of 361.5 and resistance of 380. BlackRock has already outperformed all Too Big To Fails YTD, and I believe the trend to continue due to...
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The Blackrock (NYSE:BLK) Daily Diagram Technical Analysis Training shows the following:
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