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...
In my previous post for Bovis Homes Group which you can find here, price had formed an inverted head and shoulders pattern. Price then continued to move in the direction of the uptrend but as is expected, price is now forming a pullback.
When price breaks through an area of strong resistance, most of the time price will pull back to retest the previous resistance...
For our last post on Bovis Homes Group which you can find here we had the expected breakout we were waiting for. We mentioned that we were now waiting for a second breakout but price looks like it has other ideas.
You may feel that you are missing an opportunity by not taking an initial breakout and seeing price move fast in the direction you were expecting. 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...
Bovis Homes has made attempts to break through the strong resistance level in the past
but couldn't quite make it through.
A break of this all-time high at £12.20 created in April 2007 could indicate the beginning of a strong trend.
That breakout confirmation is essential as the high has not been broken after a number of attempts in the past.
We can see price has...