BX upside moveBX 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 trade ideas
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 Detected possible acquisition or asset purchase!!!BX: the blackstone group lp
2018-04-04 09:00:05
Detected possible acquisition or asset purchase
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.
BX WEEKLY REVIEWRising triangle and with the recent news of the Saudi deal I think will break up... one to keep an eye on
BX- $40 Billion New Saudi Arabia $$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 strategy and/or time for your plan. Options give you leverage, by owning the option of owning 100 shares (per contract) of any kind of stock, but not obligation to own it. PA is now at around $30.00 a share, with 1st resistance area of $34.00. From daily BX chart, shows a bullish pinbar (three candlestick pattern). I think next week PA will easily continue up. From website: Finviz, most analyzes have $40.00 go
Bearish H/S SetupShort Stop-Limit @ 29.97, Stop-Loss @ 28.13, Target @28.13, R/R = 1.53. Close below 29.13, move to B/E
BX Bullish SwingRetest 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.
BX To Continue Higher? 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.
