Burford Capital finally BREAKS OUT!
Burford Capital
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 out.
Today's breakout bar is the largest in its history with a move of £2.78 in one day.
Although there has been a big breakout today we still need to be cautious about jumping into a trade, this is
because price could easily fall back into the consolidation zone.
What I would like to see now is another breakout after a pullback. This will give us the confirmation we need
to signify the bulls are in control and should see trend continue to the upside.
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 out.
Today's breakout bar is the largest in its history with a move of £2.78 in one day.
Although there has been a big breakout today we still need to be cautious about jumping into a trade, this is
because price could easily fall back into the consolidation zone.
What I would like to see now is another breakout after a pullback. This will give us the confirmation we need
to signify the bulls are in control and should see trend continue to the upside.