I usually like seeing the a trend line break out. In this case it hasn't broken the trend line yet. The 36 days expected move is $5.76. The stock has earning on July 23,2020.
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The lower support is forming an ascending triangle, indicating that BX will break past resistance and rebound from the COVID shock. Earnings call expected soon with a period ending March 2020. Notably, this period is mostly before covid, so earnings should still fair well and lead to positive opinion of the stock. Real estate stocks are expected to take a hit...
I can see Blackstone making a bit of drop here soon, and some key price levels based on Fibonacci are the following $32.60, 27.42, 21.76, 17.05, and $13.75. Yes, I think it is possible that we hit all these targets with the world going into recession. This is not trading advice.
In my opinion, BX or BlackStone Group Inc will not be an exception to the latest global calamity regarding the coronavirus and global recession. Levels to watch for in regards to pauses and bounces would be $49, $42, $35, and $30. Good luck trading and remember this is not financial advice.
I like this above 55.17, looking for a breakout with some volume. I'd look at 1-2 month call verticals
Blackstone was upgraded this morning by WellsFargo to $60 price target with Outperform rating. This will probably get a nice bid today but I'd be cautious holding past this week IMO. Goodluck BX
Blackstone had huge insider selling on the 25th and is in a newly defined downtrend, plus it is overvalued. Insider Selling: Blackstone Holdings III L.P. 10% Owner Sep 20 Sale 32.75 $9,129,966 299,006,387 0 Sep 23 06:34 PM Solotar Joan SMD, Head of Global PWS Sep 13 Sale 53.83 25,000 $1,345,750 235,803 Sep 13 06:57 PM NYSE:BX Finley John G Chief Legal...
Since the previous high was about this point too, I'm convinced that with this bearish pattern at the same height we're about to drop. My order is placed a little higher because I think we can get in with a better entry, the resistance on the left chart held on great and meets the resistance of the previous high. Note that the horizontal lines are for my alarms,...
We have an ascending (double) channel on BX and may touche the dip soon on the 37$ support. At the same time we could see RSI bounce on the 30 support. Also after a small pullback MACD stays bullish over 0. We have over 3.7 Risk/Reward. Also a partial take profit could be done on 38.6$ resistance. Buy-in : 37$ SL : 35.7$ TP : 41.7$
Price has left support at $34-ish and heading for resistance at $37 so I’ll be watching for a possible retest of $34 support before breaking thru $37 resistance and continuing up.
Bears on the forefront with TA showing a monthly PUT option viable (exp . April 18)
TGE,BX: Blackstone 2019-01-31 06:45:00 Blackstone Infrastructure Partners Enters into Definitive Agreement to Acquire Controlling Interest in Tallgrass Energy
- Fee-related-Earnings to grow into 2020 (50%) - Solid raising pipeline -50B AuM in Insurance (0.2% market share). Although APO does have a largely insurance based portfolio, this is mostly captive, whereas BX may have more success by growing third party assets under management. - Lift in KKR's valuation after going C-corp may lead to BX going C-corp in early...