Blackrock BLK Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for BLK
  • Buy BLK over 625.09 target 703.93 stop loss @ 623.28 Details
  • The technical summary data tells us to buy BLK near 625.09 with an upside target of 703.93. This data also tells us to set a stop loss @ 623.28 to protect against excessive loss in case the stock begins to move against the trade. 625.09 is the first level of support below 695.93 , and by rule, any test of support is a buy signal. In this case, support 625.09 is being tested, a buy signal would exist.

  • Short BLK under 703.93, target 625.09, stop loss @ 705.96 Details
  • The technical summary data is suggesting a short of BLK as it gets near 703.93 with a downside target of 625.09. We should have a stop loss in place at 705.96though. 703.93 is the first level of resistance above 695.93, and by rule, any test of resistance is a short signal. In this case, if resistance 703.93 is being tested, a short signal would exist.

Swing Trading Plans for BLK
  • Buy BLK over 696.15, target 703.93, Stop Loss @ 694.14 Details
  • If 696.15 begins to break higher, the technical summary data tells us to buy BLK just over 696.15, with an upside target of 703.93. The data also tells us to set a stop loss @ 694.14 in case the stock turns against the trade. 696.15 is the first level of resistance above 695.93, and by rule, any break above resistance is a buy signal. In this case, 696.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short BLK near 696.15, target 672.66, Stop Loss @ 698.16. Details
  • The technical summary data is suggesting a short of BLK if it tests 696.15 with a downside target of 672.66. We should have a stop loss in place at 698.16 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 696.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BLK
  • Buy BLK over 696.15, target 703.26, Stop Loss @ 694.53 Details
  • If 696.15 begins to break higher, the technical summary data tells us to buy BLK just over 696.15, with an upside target of 703.26. The data also tells us to set a stop loss @ 694.53 in case the stock turns against the trade. 696.15 is the first level of resistance above 695.93, and by rule, any break above resistance is a buy signal. In this case, 696.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short BLK near 696.15, target 682.33, Stop Loss @ 697.77. Details
  • The technical summary data is suggesting a short of BLK if it tests 696.15 with a downside target of 682.33. We should have a stop loss in place at 697.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 696.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

BLK Ratings for August 05:

Term →Near Mid Long
Rating Strong Neutral Weak
P1 0 0 545.28
P2 682.33 672.66 625.09
P3 703.26 696.15 703.93

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BLK Long Term Analysis for August 5 2022


BLK Swing Trading Analysis for August 5 2022


BLK Day Trading Analysis for August 5 2022

Trading or Investing in Blackrock (NYSE: BLK) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BLK change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BLK is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

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