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Blackrock ($BLK) Trading Report

Longer Term Trading Plans for BLK
  • Buy BLK slightly over 643.53 target 702.65 stop loss @ 641.67 Details
  • The technical summary data tells us to buy BLK near 643.53 with an upside target of 702.65. This data also tells us to set a stop loss @ 641.67 to protect against excessive loss in case the stock begins to move against the trade. 643.53 is the first level of support below 658.641 , and by rule, any test of support is a buy signal. In this case, support 643.53 would be being tested, so a buy signal would exist.

  • Short BLK slightly under 702.65, target 643.53, stop loss @ 704.68 Details
  • The technical summary data is suggesting a short of BLK as it gets near 702.65 with a downside target of 643.53. We should have a stop loss in place at 704.68though. 702.65 is the first level of resistance above 658.641, and by rule, any test of resistance is a short signal. In this case, if resistance 702.65 is being tested, so a short signal would exist.

Swing Trading Plans for BLK
  • Buy BLK slightly over 668.08, target 690.64, Stop Loss @ 666.15 Details
  • If 668.08 begins to break higher, the technical summary data tells us to buy BLK just slightly over 668.08, with an upside target of 690.64. The data also tells us to set a stop loss @ 666.15 in case the stock turns against the trade. 668.08 is the first level of resistance above 658.641, and by rule, any break above resistance is a buy signal. In this case, 668.08, 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 668.08, target 643.53, Stop Loss @ 670.01. Details
  • The technical summary data is suggesting a short of BLK if it tests 668.08 with a downside target of 643.53. We should have a stop loss in place at 670.01 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, 668.08, 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 667.55, target 668.08, Stop Loss @ 665.99 Details
  • If 667.55 begins to break higher, the technical summary data tells us to buy BLK just slightly over 667.55, with an upside target of 668.08. The data also tells us to set a stop loss @ 665.99 in case the stock turns against the trade. 667.55 is the first level of resistance above 658.641, and by rule, any break above resistance is a buy signal. In this case, 667.55, 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 667.55, target 656.03, Stop Loss @ 669.11. Details
  • The technical summary data is suggesting a short of BLK if it tests 667.55 with a downside target of 656.03. We should have a stop loss in place at 669.11 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, 667.55, 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.

Real Time Updates are available on our Blackrock (BLK) Page here: BLK.

BLK Ratings for September 25:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 643.53
P2 656.03 668.08 702.65
P3 667.55 690.64 761.13
Triggers may have already come
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Support and Resistance Plot Chart for BLK

BLK Long Term Analysis for September 25 2023

Blue = Current Price
Red= Resistance
Green = Support

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Blackrock (NYSE: BLK) while incorporating prudent risk controls.

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.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

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.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BLK too.  All of these are offered below the Summary Table.