From weekly BX chart, BB squeeze is happening right now and doji (or weekly undecided candlestick). Saudi's PIF plan $40 billion infrastructure investment fund announced, during POTUS Trump visit. Will be holding BX for long term, by either buying a combination of shares of stock and/or using stock options.
*Note: If you are using options, please use right...
Retest Gap today. Near a resistance again so looking to exit pretty quickly after reaching 2R target. Entry point is right around the middle of two very solid support/resistance levels. I would prefer that this trade waits to trigger until Monday 1/30/17 while still getting another bearish candle tomorrow. This will allow the EMA's to catch up a little more.
Hey guys pre-earnings BX seems to have bounced on major breakout support. Is this the beginning of a new uptrend to the $35 pivot?
Technically the stock based out on strong accumulation volume throughout 2016 forming a triple bottom bullish breakout on strong volume. Currently we are hanging around a minor pivot at the 38.2% Fibonacci retracement.
Historically when the coppock curve reaches this level the stock drops at least 1% over the next few weeks with an average drop of more than 11%. I am looking at two levels over that time but also monitoring two timeframes for a significant loss to take place.
My conservative drop is around 25.81 where the stock floated multiple times since the election. This...
Historically when this level is reached on the VI, the stock drops at least another 1.19%. The average drop is 10.92%. A drop beyond 10.92% is not out of the question at this point.
The current trendchannel has a bottom more than 12% from the CLOSE on December 28. My conservative move is a drop to 25.95 where the stock hit eight days in a row at the end of...
Historically when the stock crosses above this RSI level it moves at least 1% over the next few weeks. The average move is 11.32%. A move of that magnitude is possible to a common resistance level around 34.85.
My conservative move would be to the 31.00 milestone so long as it breaks above its resistance level for this calendar year which is where it currently...
BX Bottoming Process + High Vol Support + IPOs to Resume + Private-Equity / Venture-Capital to SUCCEED. Great Dividends. Put Sell and Call Sell while making money on Dividends. ALL of this without owning any apartments or hotels or office space. I am long the stock right now, but getting ready to do a Call sell on it since up move seems to have ended as of...
Blackstone Group is back towards the bottom of the gentle up-channel started in 2009 (see weekly chart below).
Rebounded off a double-bottom on the daily chart in good volume, but not as much as the rest of the financials.
Similar story to another, smaller asset manager highlighted recently (please check LM idea).
1. Buy here with target 28.50 and stop 23.50 for...
Technically Speaking
Demand seems to be strong around the $22 level. Good supply comes in at $30
What to do?
The R/R favors long a position, in my view, stopping out below $20. I would look to hold for a break-up through $30.
We are discussing a potential for some quick upside in the "Key Hidden Levels" chatroom on $BX.
RgMov turning up
CCI Sustaining higher levels
It is good to long at market with a stop below yesterday's low, targeting last high/ upper KEL.
