Williams Alligator Is Forecasting Further Weakness For Blackstone Group Ltd.

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.

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 acceleration, of such a bearish scenario.

Source: Yahoo Finance

Source: BNN Bloomberg


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