BBN1 trade ideas
$BX with a bullish outlook following its earnings #BeststocksThe PEAD projected a bullish outlook for $BX after a positive under reaction following its earning release placing the stock in Drift A
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Blackstone May Be Squeezing Toward a BreakoutPrivate-equity giant Blackstone Group has squeezed into a tight range for the last month, but now it may be attempting a breakout.
This chart shows the descending trend line on BX that began on December 23. BX closed above it yesterday for the first time, which could potentially draw interest.
Next, the stock tried to sell off early this year. It bottomed around $61.27 on January 6. This was almost exactly its close last February 21 (immediately before the pandemic hammered markets). BX quickly recovered, a sign of buyers defending that level.
Third, Bollinger Band Width has narrowed to the tightest range in over four months. Are prices getting ready to expand again?
Finally, this volatility compression is occurring at the same zone where BX peaked 11 months ago. The result could be a breakout to new highs if the stock remains above its 8- and 21-day exponential moving averages.
There could also be catalysts soon with earnings due on January 28 and its Bumble dating app reportedly going public next month.
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Blackstone Announces Significant Minority Investment in ISN, Glo2020-12-17 09:00:00
Blackstone Announces Significant Minority Investment in ISN, Global Leader in Third-party Contractor and Supplier Management Software, Valuing the Company at Over $2 Billion
Covergage initiated on GS/JPM/C/BLK/BX/MURGFBuy these heavy weights old names before it gets too late. It is a China play. The wind seems to be changing in their big favors.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Macro in the Middle BX Smartest Guys In the room. Although they Risk Great Exposure Feel This is Where they're Fortunes are made. Plenty of Dry Powder. Sitting in the center not oversold or overbought Thought?
BX LongIn uptrend,
Channel Breakout + revisit Trendline
Entry 55
Stop 53
Target1 64; RRR 4:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
BX_Fin_rotationBX could be a moving up after COVID was lackluster with Financials...SPX to DOW rotation maybe a momentum play when the tech rotation earlier in Jun with the SPX hitting record highs
Possilbe bullish mcad set up.on BX. Target: 60 SL 54.10I 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.
PAY for BLACKSTONEHey traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. BLACKSTONE is in an interesting moment aborted pull back attempt, buyers can try to take over the market.
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BX support raises to form ascending triangle. Expecting gainsThe 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 soon, so invest now, sell soon, and cut profit at a safe time before the market corrects lower.
BlackStone Price Drop, Levels to WatchI 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.
BlackStone Inc. Not Immune to global events, recession, etc. 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.
BX approaching breakout spotI like this above 55.17, looking for a breakout with some volume. I'd look at 1-2 month call verticals
BX Blackstone Upgrade - Entering LongBlackstone 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
Looking For Short Entry in $BX Blackstone GroupBlackstone 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 Officer Sep 12 Sale 52.31 20,000 $1,046,200 119,529 Sep 13 06:55 PM
BX Bearish look at same height as previous HighSince 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, sorry if this is messy for you.
Important to keep the charts clean.
Thanks for reading,
Wesley
