$BLK Need to break up 444 on Earnings otherwise continue down RSI under pressure to test on coming days , negative money flow index with recent bounce - good stochastic .. to stay long its need to close above 444 otherwise will be rejected from 440 then drop to 420 again.. if you like play with earnings then you can take very small size of call options if results better than expectation then will be perfect and will be targeting 460-480
Trade ideas
Prolonged - Drawn Out Bear MarketBlackrock 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.
BLK: Ran up to today's earnings, strong resistance overheadBLK had a run up ahead of its earnings report and then had a mild profit-taking day before the release. Volume is increasing as it reaches a stronger resistance level on today's earnings report reaction. Blackrock is the largest Derivatives Developer of Exchange Traded Products for the stock market. ETFs are its specialty.
$BLK Earnings Miss - Bearish Options Activity$BLK Missed on earnings and revenue estimates yesterday. Technically the stock looks to be in a clear downtrend since peaking in January 2018. Will be looking for a weekly close this week at or below the 200d ema line - approximately $412. Targeting $340-$350 range by mid to late March.
Also of note, some bearish options activity this morning after the earnings miss yesterday with about 3k $400/$420 strike April put options traded vs combined OI of about 650 for a total premium of $6M.
Note: Informational analysis, not investment advice.






















