The upward trend could come to support BlackRock in the coming sessions.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of USD 15.9 per share for the current year.

BlackRock is in an uptrend in the medium and long term, but the last bearish movement returns close to a major support level at USD 245.30. This threshold, if preserved, will enable to enjoy the bullish movement.

The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy BlackRock. The objectives will be set at USD 267 and by extension at USD 291.7. The stop loss will be triggered below the USD 245.3 support.