I reviewed the charts of Blackstone ( BX) on July 3 and wrote that "Traders could go long BX at current levels and on strength above $95. Risk to $85 for now. The $123 area is my upside price target." Prices have rallied strongly the past two weeks so let's check on the charts again.
In this updated daily bar chart of BX, below, I can see that prices have climbed sharply higher in just two weeks' time. Prices climbed above $95 so traders should be long. The 50-day moving average line crossed above the 200-day moving moving average line for a bullish golden cross.
The On-Balance-Volume (OBV) line shows improvement in July. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line. 
In this weekly Japanese candlestick chart of BX, below, I can see a bullish setup. Prices just made a strong white (bullish) candle pattern. BX is trading above the rising 40-week moving average line.
The weekly OBV line shows strength since December to confirm the price gains. The MACD oscillator is now crossing above the zero line for an outright buy signal.
In this daily Point and Figure chart of BX, below, I can see that prices have reached and exceeded a price target in the $95 area.
In this weekly Point and Figure chart of BX, below, I can see a price target in the $123 area now.
Bottom line strategy: Traders who went long BX should continue to hold those positions. Raise stops to $95 from $85. The $123 area remains my price target.
