16.04.2015 - Shares of Blackrock are trying to overcome a strong resistance level

The stock price Blackrock grows along the inclined line of support, but cannot overcome the strong resistance level at 380.00. Fixing the price above this level will be the basis for further growth to 400.00. On the other hand, the breaking through the lower boundary of the channel and fixing of quotations below the mark 360.00 will confirm a trend change signal and in this case we recommend to open short positions with a stop above 380.00 and targets at 234.00 and 297.00. Our medium-term outlook is positive.

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