- 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...
BX broke out of consolidation and subsequently retest the support twice.
In addition to that, a Bullish pin bar has formed yesterday.
Price is expected to go into the green box. SL orders recommended to be below pin bar and support.
BX is approaching its support at 34.61 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce off from and to its resistance at 36.30 (61.8% Fibonacci extension, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.
I'll be bullish with this stock on Monday only. Contingent on the close before end of day will determine if I exit out.
Please do not wait for me to update on whether to close or continue.
Please create your own TP and SL if you do not agree with mine.
The importance factor is the direction this pair is heading.
Use this as entertainment only
THE DAWN OF ASSET MANAGERS
As discussed towards the end of last year, 2018 should be the year of the brokers and asset managers (please watch related ideas below). In this context, and with a dividend yield of 6.36%, BX is probably one of the best asset management pure-plays out there. The trend has been strong on all time frames and the stock is attempting a...
An intraday high potential, Back Tested LONG Analysis.
We ll try to enter into the correction of the downtrend movement close to 61.82 Fibonacci retracement
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN...