Analyzing the options chain and the chart patterns of BUR Burford Capital Limited prior to the earnings report this week,
I would consider purchasing the 15usd strike price in the money Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half...
It looks like we are in phase B of an accumulation structure.
Phase A characterized by stronger impulse moves has supply absorbed. This was evident by the large moves we saw early on. As we enter Phase B, the volatility shakes out, where longer term traders start buying. This is evident by weaker impulse moves and shortened thrusts. Typically we should see going...
A very strong breakout out of a falling wedge which is shown with dotted lines
I think price will stay above the dashed horizontal line
Strong trendline in solid white
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
Following a huge bear attack LSE:BUR has been works from a new baseline of 735p, the consistent SP improvement over the past three weeks has established a strong trend to recovery. I am long to target price 985p
LONG
Broken out from the distribution area and now moving up through an area where price rapidly fell. Almost a gap but not quite - very thin volume & the advances upward towards the 1350 area could be quite swift.
Burford has broken out from its post-Woodford drop. Clean air up to the resistance and fib area, around 1050-1100p. I'd expect a few early opportunists to sell out here though, and have it retest the breakout area.
Last post: June 6th. See chart .
Review: Price was testing the support level.
Update: Price has since come down to test the support level which includes the 50 simple moving average, and is consolidating between the support and resistance level.
Conclusion: Applying patience and waiting for price to break through resistance before considering long trades...
Last post: May 29th. See chart .
Review: Price was holding around the support level.
Update: Price bounced off the support level and is now approaching a resistance level.
Conclusion: We need price to break the resistance level before looking for long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if...
Last post: May 24th. See chart .
Review: Price was hovering around the support/resistance level.
Update: The current bar has found strength to move back above the resistance level.
Conclusion: Standing aside until the high at £16.30 has been broken as this will confirm a continuation of the bull trend.
Any comments or questions, do not hesitate to leave them...
Last post: May 23rd. See chart .
Review: Price dipped below the support level.
Update: Price has started to move above the resistance level.
Conclusion: We are still waiting for a breakout of the high.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Last post: May 22nd. See chart .
Review: Price was testing the support level.
Update: Price has broken through support but we will have to see if it closes below this level when the market closes.
Conclusion: We have to see how the trading day ends and are still waiting for a breakout of the high.
Any comments or questions, do not hesitate to leave them...
Last post: May 16th. See chart .
Review: Price was looking strong after breaking through the resistance level.
Update: Price is retesting that resistance level turned support.
Conclusion: We now need to wait for price to break the previous high to confirm the bullish trend will continue.
Any comments or questions, do not hesitate to leave them below. Hit...
