Long KMIHisorically when the TSI reaches this level the stock moves a minimum of 1.34% and an average of 4.74% over the next few weeks. The pink box contains this range from the CLOSE on January 6th. My conservative play is a move to at least 22.50.
3percentgain
More good times ahead for Blackstone?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 sits.
The best case scenario is to wait one more day to see if it breaks the 2016 resistance, especially on volume. If this occurs, my conservative goal is certainly in play but the next viable ceiling could be around 34.85. This stock has just received multiple STRONG BUY recommendations which could easily propel it.
GM break out is not overHistorically when the RSI breaks above this level, the stock continues to gain at least 1% more. In looking for the next trendline and resistance level, a conservative level would be above 38.00. While that level is likely the safer play is a call with anticipated movement to at least 37.67.
