BLACKROCK at crucial channel support
The second largest worldwide institutional money manager - BlackRock, is seen reaching a crucial structural support level on the charts.
The stock after triggering an impulse up move in the October of last year just spend the most of the entire 2023 in corrective phase after that.
It is however now looking to complete a corrective pattern according to Elliot wave.
One should now only watch for right kinds of volumes to kick in and positive daily/weekly close.
It would not be a bad candidate to consider for the "Santa rally".
note*- this post is for educational purpose only.
The stock after triggering an impulse up move in the October of last year just spend the most of the entire 2023 in corrective phase after that.
It is however now looking to complete a corrective pattern according to Elliot wave.
One should now only watch for right kinds of volumes to kick in and positive daily/weekly close.
It would not be a bad candidate to consider for the "Santa rally".
note*- this post is for educational purpose only.
Note
600 has held throughout the week and is a strong support now,Use 597 as SL for all cash positions
Note
trail sl to 610
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.