Riding $BLK from support to resistance

٢٩ مارس ٢٠١٥

BlackRock, along with S&P has just touched it's long time trendline support. Historically played out well, plus fundamentally it is a financial powerhouse with huge upside potential due to growing world economy, raising interest rates and favorable ongoing sector rotation into financials.
I see short-term upside of at least 30$, or roughly 8% with limited downside.