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The Blackstone Group L.P. Message Board

  • carolyn_novice carolyn_novice Mar 17, 2014 8:53 PM Flag

    Technical View for Traders BX 33.47

    mike2915 and sam_0534, kindly, please ignore this message and start a new message for your readers. ……It is doubtful based on below, BX making big progress for next few days; however smart traders can smell and feel the trend. Traders can use this and prove me wrong.

    Fundamentally, BX can come with news tomorrow and BX can do anything. …..But very unlikely. Option behavior says so.

    1. Today volume 33,692 is the lowest for nearly two months.
    2. Why the buyers are on strike?
    3. Will sellers decided to bailout at bid and volume increase on the downside?
    4. Will the volume increase on decline, or on advance, please observe for signal.
    5. There are nearly 225,000 shares related to options exercised by March 28, 2014
    6. Professionals who wrote options (smart money) expects stock will not make a new high.
    7. Based on OBV stock needs to be up for 4 to 5 days in a row.
    8. BX to be up for 4 days in row, it is going to be doubtful based on graph, and over head supply.
    9. Buyers in the range 34.50 – 35.39, offer big resistance.
    10. Today’s volume was low on the up move; BX will consolidate and not expected to make any progress towards new high. Not worth trader’s time and money.

    Unless there is some major news which we do not know, for traders chasing BX at these levels is not recommended.


    Carolyn Novice

27.44-0.34(-1.22%)Apr 29 4:02 PMEDT