When the Price of Blackrock $BLK Talks, People Listen

July 20, 2023, 07:30 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BLK

• Buy BLK slightly over 691.27 target 752.64 stop loss @ 689.27 Details

The technical summary data tells us to buy BLK near 691.27 with an upside target of 752.64. This data also tells us to set a stop loss @ 689.27 to protect against excessive loss in case the stock begins to move against the trade. 691.27 is the first level of support below 746.99 , and by rule, any test of support is a buy signal. In this case, support 691.27 is being tested, a buy signal would exist.

• Short BLK slightly under 752.64, target 691.27, stop loss @ 754.81 Details

The technical summary data is suggesting a short of BLK as it gets near 752.64 with a downside target of 691.27. We should have a stop loss in place at 754.81though. 752.64 is the first level of resistance above 746.99, and by rule, any test of resistance is a short signal. In this case, if resistance 752.64 is being tested, a short signal would exist.

Swing Trading Plans for BLK

• Buy BLK slightly over 752.64, target 755.99, Stop Loss @ 750.47 Details

If 752.64 begins to break higher, the technical summary data tells us to buy BLK just slightly over 752.64, with an upside target of 755.99. The data also tells us to set a stop loss @ 750.47 in case the stock turns against the trade. 752.64 is the first level of resistance above 746.99, and by rule, any break above resistance is a buy signal. In this case, 752.64, 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 slightly near 752.64, target 734.75, Stop Loss @ 754.81. Details

The technical summary data is suggesting a short of BLK if it tests 752.64 with a downside target of 734.75. We should have a stop loss in place at 754.81 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, 752.64, 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 slightly over 752.64, target 755.99, Stop Loss @ 750.88 Details

If 752.64 begins to break higher, the technical summary data tells us to buy BLK just slightly over 752.64, with an upside target of 755.99. The data also tells us to set a stop loss @ 750.88 in case the stock turns against the trade. 752.64 is the first level of resistance above 746.99, and by rule, any break above resistance is a buy signal. In this case, 752.64, 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 slightly near 752.64, target 746.22, Stop Loss @ 754.4. Details

The technical summary data is suggesting a short of BLK if it tests 752.64 with a downside target of 746.22. We should have a stop loss in place at 754.4 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, 752.64, 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.

This is a snapshot. Real Time Updates are available on our BLK Page.

BLK Ratings for July 20:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	629.01
P2	736.42	734.75	691.27
P3	746.22	755.99	752.64

Support and Resistance Plot Chart for BLK

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Blackrock (NYSE: BLK) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for BLK can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.