In this updated daily bar chart of BLK, below, we can see that prices just tested the rising 200-day moving average line. Prices are below the declining 50-day moving while the On-Balance-Volume (OBV) line has been steady the past two weeks. The Moving Average Convergence Divergence (MACD) oscillator is ready for a cover-shorts buy signal.
In this weekly Japanese candlestick chart of BLK, below, we don't see any top reversal patterns. The recent lower shadows at the intersection of the rising 40-week moving average line are a plus.
Bottom line strategy: I have no special knowledge of what BLK is going to report but the charts favor a positive reaction by traders.
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The recovery from this action is likely to be very uneven.
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