bovishomes

Last post: April 27th. See chart. Review: Price had formed a head and shoulders pattern and was retesting the support level. Update: Price has returned to the support level. Conclusion: We need to see if price can hold at the support level. A breakout above the 27th May high will confirm a continuation of the bull trend. Any comments or questions, do not...

Bovis Homes has broken out of a strong resistance level which was set back in 2007 at £12.20. In our previous post we mentioned that we could see a breakout soon. The reason was because we could see price making higher lows leading up to the move towards the resistance level. We now have that breakout we were expecting so what we need to do next is ensure that...