A clean Rounding Bottom often precedes a big move. Validate your entry.
Gradual reversal from bearish to bullish.
Traders are watching Blackstone Inc. (BX) as price action tightens. The stock is trading at $126.33, up 3.7% on the day. Price action has carved out a classic Rounding Bottom. The trend indicator is reading 56.2/100, suggesting moderate momentum. A potential breakout level is identified at $127.39, targeting $153.04 with support near $114.56 (R:R 2.0).
What is your outlook on BX?