Blackstone exposed to negative pressure - Analysis - 23-11-2022

Blackstone's stock (BX) kept falling in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI despite reaching oversold levels, marking a loss of 2.28% in the last session, or 2.05 points, and settling at 87.80, surpassing the support of the 50-day SMA, doubling pressures. 

Therefore we expect more losses for the stock, targeting the pivotal support of 82.00, provided the resistance of 93.54. 

Expected trend for today: Bearish