Blackrock INC Stock Code BLK.NYS
Outlook
Price broke above the cloud and above a recent high a few days ago, triggering an Ichimoku V price projection target of $487.83. Two days ago, a bullish Engulfing candlestick price pattern added to the bullish sentiment. The breakout candle was larger than those candles before it. This is a sign of a strong valid breakout. The movement above its previous high also gives us a V price projection target of $487.83. Price’s previous high is at $483.60. Price is likely to head towards the target zone of $483.60 to $ 487.83. Besides being above the cloud, Conversion and Base lines had a bullish crossover, confirming the bullish trend. MACD is also bullish and rising. Both Ichimoku and MACD are bullish and should support a price rally towards the target zone.
Strategy
$454.10 Buy
$483.60 Price Target
$443.20 Risk Management Stop
3 weeks Trade Duration
Capital One Financial Corporation Stock Code COF.NYS
Outlook
Price broke above a recent high of $92.26 yesterday, triggering a V reversal breakout with an Ichimoku price target of $100.79. Both Conversion and Base lines also had a bullish crossover a few days earlier, confirming the uptrend with price above the cloud. Volume on the breakout day was also higher than the recent days’ average. Lagging Span is above price of 26 days ago and also above the cloud, confirming again the bullish trend. Price is likely to head higher to the Ichimoku V price projection target of $100.79 or a previous price high resistance at $98.62. MACD is also bullish and rising with both its lines above the zero line.
Strategy
$91.95 Buy
$98.58 Price Target
$88.95 Risk Management Stop
3 weeks Trade Duration
