Burlington Stores, Inc.Viés de baixa
$BURL Lower lows and lower highs downtrending channel forming
Key points;
1) Historic up-trending channel has been convincingly broken for some time now.
2) Prices have begun putting in lower lows without putting in higher highs, thus a downtrending channel may be emerging
3) The gap downwards which occurred in early June due to an earnings announcement has now been filled.
4) The current price is trading right at a potential new down-trending resistance line
As always DYOR
1) Historic up-trending channel has been convincingly broken for some time now.
2) Prices have begun putting in lower lows without putting in higher highs, thus a downtrending channel may be emerging
3) The gap downwards which occurred in early June due to an earnings announcement has now been filled.
4) The current price is trading right at a potential new down-trending resistance line
As always DYOR
Aviso legal
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