CFD Trading – Buy Blackrock Inc. (BLK.NYS) @ $755.00. Stop @ $712.00 and Target @ $810.00.

Blackrock Inc. Stock Code BLK.NYS

Price moved above the cloud last Friday and managed to close near to the day’s high, which is a strong bullish sign. Price also broke above a recent high resistance forming a V-shaped breakout which could be a sign the 2-month correction could have ended.  Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend.  MACD is bullish with both its lines moving away from the zero line and higher, hinting of a bullish price trend ahead. We see price moving past its high of $783.25 to the V-shaped price projection target of $812.

$755.00              Buy
$810.00              Price Target
$712.00   Risk Management Stop
3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.