BLK: Outflows will hurt?BLACKROCK
Short Term - We look to Sell at 602.67 (stop at 646.89)
The primary trend remains bearish. Sentiment remains negative despite the pull-back higher in prices. Previous support at 610.00 now becomes resistance. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 505.63 and 470.00
Resistance: 610.00 / 760.00 / 900.00
Support: 505.00 / 450.00 / 350.00
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