How we can use the (BUR) price action to our advantage

June 30, 2024, 8:02 AM ET, BY Scott B. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for BUR

• NONE. details

Currently, there is no support plan that would trigger a purchase of this stock. This usually means that there are currently no clear support levels, so buying the stock when the price is falling could be considered catching a falling knife. Buy signals only occur when resistance breaks to the upside.
This is often a signal that the stock you are watching is weak. Waiting for an uptrend may be wiser than trying to catch a falling knife. New support levels are usually added to the database at the start of the next trading session.

• Short BUR just below 13.72, target nz, stop loss at 13.76 details

The technical summary data suggests a short of BUR as it approaches 13.72, but the downside target is not available from the current data. This tells us to hold this position if it is triggered until a new downside target is set (updates occur at the start of each trading session) or until the position is stopped. The summary data tells us to set a stop loss at 13.76. 13.72 is the first resistance level above 13.05, and by rule, any test of resistance is a short signal. In this case, a short signal would be present if the 13.72 resistance is tested.

Swing Trading Plans for BUR

• Buy BUR just above 13.72, target 14.96, stop loss at 13.68 details

If 13.72 starts to rise, the technical summary data tells us to buy BUR just above 13.72, with an upside target of 14.96. The data also tells us to set a stop loss at 13.68 in case the stock turns against the trade. 13.72 is the first resistance level above 13.05, and any break above resistance is usually a buy signal. In this case, 13.72, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short BUR close to 13.72, target 12.88, stop loss at 13.76. details

The technical summary data suggests a short of BUR if it tests 13.72 with a downside target of 12.88. However, we should place a stop loss at 13.76 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 13.72 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for BUR

• Buy BUR just above 13.72, target 14.96, stop loss at 13.69 details

If 13.72 starts to rise, the technical summary data tells us to buy BUR just above 13.72, with an upside target of 14.96. The data also tells us to set a stop loss at 13.69 in case the stock turns against the trade. 13.72 is the first resistance level above 13.05, and any break above resistance is usually a buy signal. In this case, 13.72, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short BUR just near 13.72, target 13.04, stop loss at 13.75. details

The technical summary data suggests a short of BUR if it tests 13.72 with a downside target of 13.04. However, we should place a stop loss at 13.75 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 13.72 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Burford Capital Limited (BUR) available here: BUR.

BUR Ratings for June 30:

AI-generated signals for BUR

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Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Burford Capital Limited The data table (NYSE:BUR) below can help you with the price action and we also have more details. Trading plans for BUR are also displayed here; these plans are updated in real-time for subscribers, where this report is static. If you want an update or report on another stock, you can get one here: Unlimited Real-Time Reports.