With a nice bounce in POG last week from $1200 to $1228, BLK pushed higher and ended the week at .57 up 3.64%. If the POG pushes higher this week towards $1250 there is good scope for gains in the SP.
Line 2 shows the Body midway between the High and the Low Price set.
Line 2 appears at the outset of a rise in the market after a fall in prices. An opening SP above the “midpoint” in this weeks SP should occur.
There is excellent Short Term and Long Term Buyer depth in place.
BLK Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held