DHI, BX & CG - Charts Suggest a Possible Upward Movement

19 Jul

D.R HORTON

• After analysing the historical stock price, it is clear that the stock has been on an upward trend.
  
• Following the market crash in March’20, the price began its upward movement.
  
• During this uptrend, the price initially formed a Bullish Pennant pattern, leading to a surge after the breakout.
  
• Around the 107 level, the stock faced resistance and started to decline.
  
• However, the stock found support near the 60 level and started to climb again.
  
• During this consolidation phase, an Inverted Head & Shoulder pattern emerged.
  
• After the breakout of this pattern, the stock price consolidated above the breakout zone and recently experienced a new breakout.
  
• It is anticipated that the trend will continue upwards and the price will reach new highs.
  

BLACKSTONE

• After a powerful rally, the stock price experienced a notable correction.
  
• It rebounded from the support around the 72 level.
  
• Following an upward movement, the stock reached its trendline resistance area and faced rejection.
  
• However, instead of dropping, the stock price began consolidating just under the resistance zone.
  
• The stock recently achieved a new breakout.
  
• With the RSI above 60, it suggests bullish sentiments in the market.
  

CARLYLE GROUP

• The stock had been on a strong uptrend, hitting an all-time high at the 60 level.
  
• However, it later plummeted by around 60% from that peak.
  
• Following the drop, the price stabilized at a support level and consolidated for a while.
  
• Now, the price seems poised for another breakout, potentially leading to a new rally.
  
• With the RSI slightly above 60, it suggests bullish sentiments in the market.