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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (12657)	2/25/2022 12:32:34 PM
From: Rarebird	Respond to of 26251

BLK has a horrendous looking chart that is below all key moving averages. I rarely, if ever, take long positions under such circumstances. So, why have I have gone long? BLK is one of the many companies I track on a daily basis. I went long a little while back in the upper 700s and sold at a 3.50% loss when I saw a wider flat unfold. At the time, I thought BLK would bottom at $707 and BLK did exactly that minus a few cents. My target for BLK is $1000+ to be hit within a year. R/R is great here with the most recent low as the signal to get out.