structural notes: - more and more institutional investors are entering (pension funds and other long term money managers ) confirming wyckoffian analysis - more sell side analysts are initiating the name at upside buys (meaning they can add in their private wealth accounts) - some strong catalysts coming up that can uplift the name (retail investor call in mid...
Setting a point and figure target based off the Wychoffian consolidation. Minimum target of 17, Optimal Target is 20. Fundamentals of Burford remain very good
Spring has formed, preparing for the break out; PT 22 I am expecting to see - a more strong move up past 9.30 (re-establishing a support there) - some consolidation at 10 (re building of the spring) - a strong push to 22
Burford consolidation half-way through according to the Wyckoff Re-Accumulation Framework More large institutions entering the position (fundamentally) A lot of supply removed from the market recently Earnings coming up in March which can be the catalyst for jumping the creek and further accumlulation