Let's check out the charts and indicators.
In this daily bar chart of BX, below, we can see that the price of BX has pulled back to break nearby support in the $46-$45 area, and test the rising 50-day moving average line.
The daily On-Balance-Volume (OBV) line has made a small double-top pattern in July, which is a bearish divergence when compared to the price action, making a higher high in July. The Moving Average Convergence Divergence (MACD) oscillator also shows a bearish divergence in July with a lower high versus the price action.
In this weekly bar chart of BX, below, we see a mixed picture. Prices are still in an uptrend and above the rising 40-week moving average line. The weekly OBV line has been unimpressive since December when BX went on a strong rally to new highs. The weekly MACD oscillator has narrowed in recent weeks and we could see a crossover in the near future.
In this Point and Figure chart of BX, below, we can see a potential or tentative downside price target around $38.
Bottom line strategy: I don't know if BX will decline to $38, but that is a potential risk, so buyers need to keep that in mind.