Burford Capital is showing signs of potentially breaking out after bouncing off the support level which I mentioned in this post. This is what we want to see after price breaks out of consolidation, a retest of the consolidation zone then a bounce off that zone, then a move in the direction of the main trend.
We now just need to confirm a bullish trend may unfold by waiting for a breakout of the resistance level highlighted. Price looks to be travelling up at a good pace and we may see that breakout soon so it is just a waiting game for now.
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