BLK Stock Tickeron detected bearish Stock Pattern: Cup-and-Handle Inverse on May 02, 2024

A.I.dvisor
at Tickeron.com
05/06/24
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Cup-and-Handle Inverse
BLK - Blackrock
Emerged: 05/02/24
Breakout: $748.99
Price: $767.73
Target price: $731.3
A.I.dvisor detected a bearish Cup-and-Handle Inverse pattern for BLK stock. This pattern was detected on May 02, 2024 . The odds of reaching the target price are 6. The Inverted Cup-and-Handle (sometimes called Inverted Cup-and-Holder) pattern forms when prices rise then decline to create an upside-down “U”like shape (1, 2, 3, also known as the Cup), followed by a shorter relatively straight price increase that bounces from the right lip (from 3 to 4, creating the Handle). Consider selling the security short or buying a put option at the downward breakout level. The confirmation move is the breakout of the price below the right cup lip.
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BLKDaily Signal changed days agoGain/Loss if shorted
 
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