BECN- Is a Rising channel pattern. Which has consolidated into a bear flag. Money flow is negative. Large 33% insider sale near current market price on Aug 10th.
potential entry above resistance at $40.00 target price $45.00 to pivot
The PEAD projected a neutral outlook for $BECN after a positive over reaction following its earnings release with it placing the stock in Drift B If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Hey guys, BEACON ROOFING SUPPLY is in a bullish movement with large buy volume issued and hammer candle shape. The TIMEFRAME M1 makes us see a marubozu with a low volume of purchase she goes to the VWAP that she is going to break. To then test the stabilization zone, there is a high propability to breakout the zone to join another. Then go to the previous last...
still in consolidation mode for now, but over 40/44 resistance zones we can see impulse buying that takes it to 52w highs. im looking for a long once i see the confirmation :) gl !
BECN breaking out of range. Bit of leverage on this one, but a market leader in its space. May have been hit too hard post earnings.
- the "dead on" chart is confirming a clear price point and a bleak future with high interest rates the froth is cool... we are going down quietly.
- HGX is in biggest trouble - California is bust on real estate (and is just the start)
- large debt - potential large number of expensive materials blocked in wearehouses - logistics and technical teams waiting on the side road for a hitch hike... ok ... enough said... here is your music fix: www.youtube.com
What, they miss on earnings and? I'm guessing even if the news or whatever was good, it'll be a battle between technicals and fundamental hype. Open to reversal if we explode through resistance.
Look for BECN to bottom out sometime in the second half of 2019
$BECN another name hit with higher rate fears but should have tailwinds with spending from hurricane and infrastructure rebuild. Insiders have been buying recently as well. Was $66 just earlier this year. Bargain bin. I am a buyer here.
after 3 years of gains BECN had a massive drop of almost 42%. The stock has spent the recent weeks on a good support level but no value buyers have stepped in. i want to some more blood before buying Timing = 1 ( i think the overall market is likely to drop abit so this stock could drop some more) Volume = 0 (volume was big on the selloff and it went quick so i...
Are you kidding? Wait for bonce, tweezer bottom not too long ago... might do the same? Just my thoughts...