Thanks to @CarpeNoctom for the checklist inspiration. Some developments going on : www.reddit.com
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...
BlackRock, along with S&P has just touched it's long time trendline support. Historically played out well, plus fundamentally it is a financial powerhouse with huge upside potential due to growing world economy, raising interest rates and favorable ongoing sector rotation into financials. I see short-term upside of at least 30$, or roughly 8% with limited downside.
The Blackrock (BLK) weekly chart diagramm shows the following: The price is over KUMO and with a little long move that stops on Kijun and Tenkan Sens last week. There is no clear sign of the trend of it. If it tries to goes higher and overcomes the Sens it will be a very good bullish signal for the uptrend. If the price retreat it will regress between Kijun Sen...