Category: Forex News, News
Blackrock price tests downward trend line – Forecast today
Blackrock’s stock price (BLK) rose in latest intraday trading, testing the downward trend line in the short term, and coinciding with touching the resistance of the 50-day SMA, bolstering the strength of this area as a resistance against the stock’s gains, especially with negative signals streaming from the Stochastic after reaching overbought levels compared to the price’s movements.
Therefore we expect the price to decline the first support at $887.00, provided the pivotal resistance of $929.00 holds on.
Today’s price forecast: Bearish
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Written by : Editorial team of BIPNs
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