CFD Trading – Sell Blackrock Inc. (BLK.NYS) @$876.70. Stop @ $901.00 and Target @ $815.00

Blackrock Inc. Stock Code BLK.NYS


Since price broke above the cloud near the end of March 2021, it had stayed above the cloud. However, in the previous trading session, price broke and closed below the cloud, changing the trend from bullish to bearish. Conversion and Base lines had had a bearish crossover, hinting of a bearish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD remains bullish but both of its lines are moving towards the zero line after a bearish crossover. We think price is likely to move lower to the next price support at $815 in the next 2-3 weeks.


$876.70              Sell

$815.00              Price Target

$901.00              Risk Management Stop

3 weeks              Trade Duration

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