Blackstone touches SMA resistance - Analysis - 17-03-2023

Blackstone INC's stock (BX) rose in the intraday levels, supported by positive signals from the RSI, marking a cautious profit of 0.68% in the last session, or 59 points, and settling at 87.26, amid the dominance of the main downward trend in the medium term, while touching the resistance of the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the support of 72.24, provided the resistance of 91.75 holds on.

Expected trend for today: Bearish