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Jan 17, 2024 3:53 AM

BXMT 3d Chart, Q1-Q2 2024 Short

Blackstone Mortgage Trust, Inc.NYSE

Description

BXMT looks ready for another leg down.

After a down-only 2022, a bit of a recovery in the first half of 2023, then sideways for the last 6 months -- this finally looks topped.

Personally expecting sub-$20 soon, before it catches a bid and finally going sub-$19 to the next volume cluster.

We'll see how it goes.
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