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Blackstone's Technical Sweet Spot

Published 02/15/2017, 02:33 PM
Updated 07/09/2023, 06:31 AM

All of the action off of the Feb 1 high at 31.69 into last Thursday's low at 29.83 has the right look of a completed correction; which if accurate, suggests strongly that The Blackstone Group (NYSE:BX) is again poised for upside continuation toward my optimal next upside target off of its 13-month base formation -- into the 34 target area.

At this point, only a decline that breaks 29.83 and the Nov.- Feb. up trendline, now at 29.30, will wreck the still-developing larger bullish set-up.

The Blackstone Group

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