BLK has moved nicely in the FIB channel since 2008. It is now over-extended and filling in the triangle on the weekly chart.
I expect the stock to consolidate for few more weeks until earnings, and we see the decline right after earnings in Jan.
Side note: A Bearish divergence is forming on daily chart view as well.
Price target: $617-653 (by March 2021)
I expect the stock to consolidate for few more weeks until earnings, and we see the decline right after earnings in Jan.
Side note: A Bearish divergence is forming on daily chart view as well.
Price target: $617-653 (by March 2021)