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1 year ago

BLD Boral Monthly

BLD Boral
Has established a long base and on the monthly chart shows a significant Inverse Head and shoulder pattern.
For the longer term portfolio player the “stop” is at the breakout level of $5.75.
This type of price action sets up very strong directional decision making in line with the Primary Trend.
This Monthly chart shows the breakout and retest of $5.75 with a very strong range in the past 3 weeks.
This chart of price action has resolved the neckline with a retest in June and resolved the breakout with a strong rally.
A closing price in this area  would be very bullish going forward.
For the shorter term traders an entry level at $6.20 ( pullback) would be more appropriate.
Stop would be set at $6.00

BLD