BlockRock Short Position

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BlockRock Short Position BlackRock, Inc.BATS:BLKTr_DaweThe stock has reached the Value Area High (VAH), which has developed since the beginning of April. From a purely technical analysis perspective, this gives us a ~70 % probability that the price could move back into the balanced area, with the POC as our target, as this is where price has shown the most acceptance. The stock is therefore presenting a potential short opportunity. The downside, however, is that we would be trading against a stock that has historically shown a strong upward trend. For that reason, I would choose a smaller position size for this trade. Potential profit: 7% Risk-to-Reward (R:R): 1,71