BLK - downtrend underway
Despite the recent strong sucker's rally BLK is still in a downtrend. It is likely to retest a longer term support at 660 soon. However any bounce from here is likely short term at the moment
A near term rebound back to the 50 day moving average around 750 could be an opportunity go short (however, short with caution as strong sucker rallies are frequent).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
A near term rebound back to the 50 day moving average around 750 could be an opportunity go short (however, short with caution as strong sucker rallies are frequent).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
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