Sublime_Trading
Long

Burford Capital strikes through another resistance level

LSE:BUR   BURFORD CAPITAL LIMITED ORD NPV
Burford Capital LSE:BUR             breaks out again.
After the breakout of consolidation I mentioned in my previous post https://uk.tradingview.com/chart/BUR/YTm79qZZ-Burford-Capital-finally-BREAKS-OUT/ that I will wait for the next breakout before entering.
The reason for this was to make sure the breakout was not a fake breakout.
We now have another breakout but the pullback only lasted for one bar. We would prefer to see a deeper pullback ( bullish flag ).

Another reason for not entering this trade yet is due to the FTSE 100             TVC:UKX             breaking below a strong area of resistance yesterday.

What we would like to see now is for the FTSE 100             returning back above the support area to ensure we still have strength in the market.
Keep this stock on your watchlist and more updates will follow.

Any comments or questions, do not hesitate to leave them below.

Sublime Trading
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out