The lower support is forming an ascending triangle, indicating that BX will break past resistance and rebound from the COVID shock.
Earnings call expected soon with a period ending March 2020. Notably, this period is mostly before covid, so earnings should still fair well and lead to positive opinion of the stock.
Real estate stocks are expected to take a hit soon, so invest now, sell soon, and cut profit at a safe time before the market corrects lower.
Komentarz
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Well we missed the timing but the projection is right on track. Trending premarket 8:30 EST 4/28/20 at 53.25, buckle up