Looking at the BX Blackstone options chain ahead of earnings , I would buy the $86 strike price Puts with
2023-2-17 expiration date for about
$3.50 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
BX is once again respecting the limits of the regression channel, setting up a perfect short entry here. In addition to the anticipated move down, we know BX has been struggling in this high rate environment, and paused investor redemptions previously.
Price was FIRMLY rejected at the Point of Control (POC), trend has gone from green to yellow, and the 9 ema has...
The company NYSE:BX has been in the downstream channel for a year now.
Nevertheless, the $90 level formed a support, trading above which prepared a springboard for exiting the channel up 🔺
Release timing 4-6 months
The PEAD projected a Bullish outlook for $BX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
A lot of people are thinking that this bear market is already in it's later innings. If anything, it's probably the opposite given that inflation has not yet broken, employment may only be starting to see it's cyclical decline, etc.
Private equity has been heavily levered during this cycle, and in general has dumped gobs of $ into shit investments (see the...
The PEAD projected a Bullish outlook for $BX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
Blackstone is going down.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally...
Stock: BX
Pattern: TRIPLE BOTTOM
Timeframe: 1H
Reaction: BULLISH
$BX appears to be poised for an upwards move after forming a clear triple bottom on the 1H chart.
Similar structural positions in green above a dominant up channel
We will possibly see a continuation above the channel, as was seen in the first situation
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on May 26, 2022 with a closing price of...
Blackstone appears to be finishing a meaningful correction.
What does this mean for the market as a whole?
I'm seeing many stocks that suggest there is room for another wave higher....
As hard as it is to imagine that now....Anything is possible.
