Blackstone Inc.Long
$BX LONG
This is a weekly for BX. In the Fibonacci framework I use to determine discount vs premium, it just hit the 71% retracement level indicating a good discount in the uptrend. Also of note is the 2 bar bullish engulfing reversal formation, indicated by the green oval. I hold this as a long-term investment in my IRA and would add now based on this price action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.