Nov. 13 at 12:59 AM
$BLK is currently trading at
$1084.59, showing a bearish market context as indicated by an RSI of 32.12, suggesting oversold conditions. The price is below both the 30-day MA of 1129.82 and the 50-day MA of 1129.2, reinforcing the downward trend. The recent high of
$1219.94 and low of
$1053.63 indicates a range-bound market, with potential support near the 60D low.
Directional bias leans bearish, but the oversold RSI could signal a potential reversal or short-term bounce. Suggested entry could be around
$1080, with a stop loss set at
$1060 to manage risk. Target 1 can be set at
$1110, aligning with the 30-day MA, while Target 2 can be placed at
$1130, near the 50-day MA.
Monitor price action closely for any signs of reversal or continuation of the bearish trend.
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