BX, Long 13% ProfitWe 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$
BX trade ideas
Blackstone
- 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 2019 (Suisse)
-BREP IX - www.perenews.com
Pending Blackstone's own assessment of market conditions, portfolio divestment is the largest risk for BX.
Blackstone Group Approaching Support, Potential Bounce!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.
BX bullish bias for Monday 7th May 2018.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
BX - Looking for yield? Covered short straddle on Blackstone!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 breakout as we speak. But how to play it in the current top-ish market environment? There is a smarter way than a simple outright buy.
LOOK FOR YIELD AND ENHANCE IT WITH OPTIONS
1. Buy the stock in a half size which makes sense to your strategy or portfolio at $34.91 (last close)
2. Sell one-year $40 OTM CALL and pocket $1.39 (indicative)
3. Sell one-year $32 OTM PUT and pocket $2.66 (indicative)
COMPELLING RISK AND YIELD ANALYSIS
At expiration of the options, in one year, one of the below should happen.
1. The stock is range-bound ($32-40): Stay long the stock and pocket (call premium + put premium + dividend yield) = 3.98% + 7.62% + 6.36% = 17.96%
2. The stock breaks out and trades above $40: Deliver the shares at $40 and pocket (capital gain + dividend yield + call premium + put premium) = 14.58% + 6.36% +3.98% + 7.62% = 32.54%
3. The stock breaks down and trades below $32: Receive the shares and end up with a full position at an average price of $33.45 while you pocket (dividend yield + call premium + put premium) = 6.36% + 3.98% + 7.62% = 17.96% . All the while, you become long one of the best asset managers in the world with an improved dividend yield >10%.
THIS STRATEGY CAN BE ROLLED OUT WITH ANY TIME HORIZON (MONTHLY, QUARTERLY, SEMI-ANUALLY).
COMMENTS WELCOME.
BX Long OpportunityAn 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 ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
Blackstone retracementIdea:
Blackstone is has been off the recent daily high since July. The short trend on the 1 hour chart is due for a retrace. News might be enough to give the short trend a break as Blackstone has acquired Harvest Fund Advisors LLC as a way to gain exposure to increasing NatGas prices as Harvest invests in U.S pipelines and export terminals. The news of the deal didn't move the price up when it was announced. Lets see if it will move on technicals. Short term profit fibs are marked on the chart.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.