BlackRock to Update Its All-Time Highs
BlackRock (BLK) stocks are currently trading at $1,049, just 2.2% below their all-time high of $1,083. Given that prices have already moved above the middle of the ascending channel, it is highly likely that a new record will soon be reached. Technically, the stock is trending towards the upper resistance of this channel, which stands near $1,250—offering a potential upside of about 19% from current levels. This presents an attractive opportunity. I plan to open a long trade within the $1,000–1,050 range, targeting a take profit between $1,200 and $1,250. A stop-loss will be placed at $820 to manage downside risk.
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