Burford Capital Nearing A Breakout

BUR is still below the all-time high resistance which we highlighted in our previous post here, but it is still showing signs of potentially breaking out soon.

Since price hit the support level in March this year, it has gradually been pulling itself up. If price does not break out soon then we
may see it go into a period of consolidation. How long a stock stays in consolidation for is unknown and the best way to trade them is
to wait for price to breakout either to the upside or the downside.

As price is not too far away from the all-time high we may see a breakout soon and today's bullish bar was fairly big.
We will now have to wait until next week to see if the bullish momentum can continue.

Once we do get a breakout there will be opportunities to go long for those who have been patiently waiting.

Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!

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