The Williams Alligator indicator is hinting at further weakness for the Blackstone Group Ltd. (BX), on the longer-term monthly timeframe, as shown on the following chart.
A drop and hold below 80.00 could see price plunge to its next major support level of 60.00, or lower to 40.00.
Today's revelations contained in the following reports may prove to be the catalyst for the continuation, or even an acceleration, of such a bearish scenario.
Perhaps the following provides a partial explanation for their stock's weakness...ESG investing...
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