Burford Capital is still hovering around the support level which I mentioned in this 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 we must stand aside. Remember we are still waiting for the breakout of the 19th March high at £15.38. Until that happens we need to look for opportunities elsewhere.
Any comments or questions, do not hesitate to leave them below.