Analyzing the options chain and the chart patterns of BUR Burford Capital Limited prior to the earnings report this week,
I would consider purchasing the 15usd strike price in the money Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half...
structural notes:
- more and more institutional investors are entering (pension funds and other long term money managers ) confirming wyckoffian analysis
- more sell side analysts are initiating the name at upside buys (meaning they can add in their private wealth accounts)
- some strong catalysts coming up that can uplift the name (retail investor call in mid...
Last post: June 6th. See chart .
Review: Price was testing the support level.
Update: Price has since come down to test the support level which includes the 50 simple moving average, and is consolidating between the support and resistance level.
Conclusion: Applying patience and waiting for price to break through resistance before considering long trades...
Last post: May 29th. See chart .
Review: Price was holding around the support level.
Update: Price bounced off the support level and is now approaching a resistance level.
Conclusion: We need price to break the resistance level before looking for long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if...
Last post: May 24th. See chart .
Review: Price was hovering around the support/resistance level.
Update: The current bar has found strength to move back above the resistance level.
Conclusion: Standing aside until the high at £16.30 has been broken as this will confirm a continuation of the bull trend.
Any comments or questions, do not hesitate to leave them...
Last post: May 23rd. See chart .
Review: Price dipped below the support level.
Update: Price has started to move above the resistance level.
Conclusion: We are still waiting for a breakout of the high.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Last post: May 22nd. See chart .
Review: Price was testing the support level.
Update: Price has broken through support but we will have to see if it closes below this level when the market closes.
Conclusion: We have to see how the trading day ends and are still waiting for a breakout of the high.
Any comments or questions, do not hesitate to leave them...
Last post: May 16th. See chart .
Review: Price was looking strong after breaking through the resistance level.
Update: Price is retesting that resistance level turned support.
Conclusion: We now need to wait for price to break the previous high to confirm the bullish trend will continue.
Any comments or questions, do not hesitate to leave them below. Hit...
Last post: May 4th. See chart .
Review: Price was approaching the strong area of resistance and we were waiting for price to breakout.
Update: Price has now broken out of that resistance level.
Conclusion: We need a breakout of the previous high before we can look to enter.
Any comments or questions, do not hesitate to leave them below. Hit agree if you...
Burford Capital 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...
