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...
Burford Capital is still advancing since bouncing off the support level.
Price may not move fast in a direction but as long as it is consistent then we just need to follow our plan.
The plan in this case is to be patient and still wait for a break of the resistance level before entering a long trade.
As you can see, the all-time high is not too far away so we...
Burford Capital is showing signs of potentially breaking out after bouncing off the support level
which I mentioned in this post.
This is what we want to see after price breaks out of consolidation, a retest of the consolidation zone then a bounce off that zone,
then a move in the direction of the main trend.
We now just need to confirm a bullish trend may...
Burford Capital is still hovering around the support level which I mentioned in this previous post.
It is normal for price to retest the consolidation zone but it is unclear for now whether price will return back to consolidation
or bounce off that zone before moving higher.
The time in which this may happen is not certain right now but what is certain is that...
Burford Capital is retesting support which is the top of the previous consolidation zone.
As price was in consolidation for such a long time it would be wise to only take a trade once we have a breakout.
Overall the Monthly, Weekly and Daily timeframes are bullish so there is no need to force an early entry,
we just need to sit back and be patient and the...
Burford Capital LSE:BUR breaks out again.
After the breakout of consolidation I mentioned in my previous post 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...
Burford Capital LSE:BUR trended really well from 2015 up until 2017.
This move saw price rise from £1.70 to £12.40 which is a rise of 629% .
After such a huge move price needed some time to rest and recover which is when price went into a period of consolidation,
which began in July 2017 and it is only now that price has found some strength to finally break...
