BlackRock, Inc. (January 14th 2021 through July 16th 2021)
Low: $702 - $770
High: $1,097- $1,231
2020 Q4 Earnings projection expected tomorrow: $8.80 - $8.84
Copy and pasted from a shorter term chart linked in related below:
On the technical side of things, BlackRock's stock is looking fairly bullish to me right now, and not just because of the recent run up its had the past few weeks. I started looking at this firm last night after Cindicator offered some questions for me to submit analysis for.
I think BLK will show a large increase tomorrow and potential Rising Window candle gap from current close price earlier today. It could even go all the way to $880-890 in the next day if earnings report comes out positive tomorrow morning.
One notable aspect I'm finding in BLK's current/upcoming ventures is the bitcoin hype being spread by the CEO. Could BLK end up moving towards a bitcoin trust fund much like Grayscale has? Would be an interesting development to see play out, and I think it could eventually happen.
Here's an article from Coindesk describing BLK's interest in moving towards blockchain technology.
BlackRock Seeks VP Blockchain Lead to ‘Drive Demand’ for Firm’s Crypto Offerings - December 27th 2020
Quoted: >"BlackRock CEO Larry Fink recently made some bullish comments on bitcoin (BTC, +14.82%), stating it has 'caught the attention' of many people and that the nascent cryptocurrency asset class can possibly 'evolve' into a global market asset"
With the charts and the positive news surrounding BlackRock recently, I think tomorrow's earnings announcement could surpass the original 3 month WS projections of $8.40, but not sure if it will surpass current estimate of $9.09. Morgan Stanley's estimate of $8.89 earnings sounds right on track with my estimate of $880 for the actual stock price.
Another thing I want to point out is that the timeframe for which I think this could all happen could be too long and extended, perhaps these gains and retraces are seen in half or less the time instead, but I will have to come back later to see what parts need recalculation if it comes to that.
Here are some more relevant BLK analyses:
Wall Street Journal - BLK
Morgan Stanley Raises BlackRock’s Target Price to $890 Ahead of Earnings; Forecasts Q4 EPS of $8.89
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Low: $702 - $770
High: $1,097- $1,231
2020 Q4 Earnings projection expected tomorrow: $8.80 - $8.84
Copy and pasted from a shorter term chart linked in related below:
On the technical side of things, BlackRock's stock is looking fairly bullish to me right now, and not just because of the recent run up its had the past few weeks. I started looking at this firm last night after Cindicator offered some questions for me to submit analysis for.
I think BLK will show a large increase tomorrow and potential Rising Window candle gap from current close price earlier today. It could even go all the way to $880-890 in the next day if earnings report comes out positive tomorrow morning.
One notable aspect I'm finding in BLK's current/upcoming ventures is the bitcoin hype being spread by the CEO. Could BLK end up moving towards a bitcoin trust fund much like Grayscale has? Would be an interesting development to see play out, and I think it could eventually happen.
Here's an article from Coindesk describing BLK's interest in moving towards blockchain technology.
BlackRock Seeks VP Blockchain Lead to ‘Drive Demand’ for Firm’s Crypto Offerings - December 27th 2020
Quoted: >"BlackRock CEO Larry Fink recently made some bullish comments on bitcoin (BTC, +14.82%), stating it has 'caught the attention' of many people and that the nascent cryptocurrency asset class can possibly 'evolve' into a global market asset"
With the charts and the positive news surrounding BlackRock recently, I think tomorrow's earnings announcement could surpass the original 3 month WS projections of $8.40, but not sure if it will surpass current estimate of $9.09. Morgan Stanley's estimate of $8.89 earnings sounds right on track with my estimate of $880 for the actual stock price.
Another thing I want to point out is that the timeframe for which I think this could all happen could be too long and extended, perhaps these gains and retraces are seen in half or less the time instead, but I will have to come back later to see what parts need recalculation if it comes to that.
Here are some more relevant BLK analyses:
Wall Street Journal - BLK
Morgan Stanley Raises BlackRock’s Target Price to $890 Ahead of Earnings; Forecasts Q4 EPS of $8.89
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
