BBN1 trade ideas
Blackstone sinking to bottom. BXGoals 102, 89. Invalidation at 131.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
4/3/22 BXBlackstone Inc. ( NYSE:BX )
Sector: Finance (Investment Managers)
Market Capitalization: $153.312B
Current Price: $128.13
Breakout Price: $135.00
Buy Zone (Top/Bottom Range): $127.15-$117.00
Price Target: $139.35-$140.80 (1st), $149.60-$151.00 (2nd)
Estimated Duration to Target: 74-77d (1st), 147-150d (2nd)
Contract of Interest: $BX 6/17/22 130c, $BX 9/16/22 130c
Trade price as of publish date: $6.65/contract, $9.50/contract
Blackstone back at its 20 Day MA. Bounce O'Clock?The Blackstone Group Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies.
It has been trending beautifully over the last 12 months and has typically bounced back off its 20 day moving average so might be a good time to look at an entry if it does.
Worth a watch.
Blackstone to have big month ahead?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 13, 2021 with a closing price of 114.37.
If this instance is successful, that means the stock should rise to at least 115.14 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.0665% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 5.1565% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.523% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10.5 trading bars; half occur within 22.5 trading bars, and one-quarter require at least 36.0 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
top trendline resistance is strong here!very slow mover here! but potential move down to 110-112 in short term if top trendline keeps acting as resistance! if we can break 113 support the next area of support is 112. after that i cannot see too many support areas. good luck traders :) leave a like and follow for more! <3
Sunday Prep 8/01 - $BX SHORTThis name isn’t there yet, but if it were to continue extending there may eventually be a setup here. Remember, for these setups I need to see things get extreme. This very well may give a reversal from here back towards the 20d, but there's just no way to put a trade on with the kind of conviction that I could if I saw things get silly extreme. So for now just monitoring.
Expectation Record BX for 02 - 06 August 2021Resistance 1 : 113.20
Support 1 : 105.80
Support 2 : 102.40
BX had break new High in last week. In order for BX to continue break new High, BX must stand above 113.20 within 02 - 06 August to prove that Resistance_1 is Strong Support in short term. If BX unable stand above 113.20, will look back 105.80.
BX (Blackstone Group Inc.) - Bullish quarter aheadBlackstone Group Inc.
Blackstone is one of the world's leading investment and advisory firms. Their alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has already given good growth from the LOW point
- Would now like to see a small pullback, confirmed on Slo Stochastic before entry
- Expectation for the price to move beyond MID to the HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!