BECN - Rising channel pattern - ShortBECN- Is a Rising channel pattern. Which has consolidated into a bear flag. Money flow is negative. Large 33% insider sale near current market price on Aug 10th.
BECN trade ideas
$BRCN Beacon Roofing Breakout Trade
potential entry above resistance at $40.00
target price $45.00 to pivot
$BECN with a neutral outlook following earning releaseThe PEAD projected a neutral outlook for $BECN after a positive over reaction following its earnings release with it placing the stock in Drift B
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BUY to BEACON ROOFING SUPPLY Hey guys, BEACON ROOFING SUPPLY is in a bullish movement with large buy volume issued and hammer candle shape. The TIMEFRAME M1 makes us see a marubozu with a low volume of purchase she goes to the VWAP that she is going to break. To then test the stabilization zone, there is a high propability to breakout the zone to join another. Then go to the previous last high (See the TIMEFRAME Daily) and if the buyers have returned to the next high to go for a breakout test again. But no buying power for the moment.
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close to a big breakoutstill in consolidation mode for now, but over 40/44 resistance zones we can see impulse buying that takes it to 52w highs. im looking for a long once i see the confirmation :) gl !
$BECN LongBECN breaking out of range. Bit of leverage on this one, but a market leader in its space. May have been hit too hard post earnings.
BECN Short- the "dead on" chart is confirming a clear price point and a bleak future with high interest rates
the froth is cool... we are going down quietly.
BECN - failed top - HGX is in biggest trouble
- California is bust on real estate (and is just the start)
BECN - slowing construction industry (See TOL)
- large debt
- potential large number of expensive materials blocked in wearehouses
- logistics and technical teams waiting on the side road for a hitch hike... ok ... enough said...
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BECN Long Term. Short IdeaWhat, they miss on earnings and? I'm guessing even if the news or whatever was good, it'll be a battle between technicals and fundamental hype. Open to reversal if we explode through resistance.
$BECN bullish falling wedge. Insider buying. Pushing higher.$BECN another name hit with higher rate fears but should have tailwinds with spending from hurricane and infrastructure rebuild. Insiders have been buying recently as well. Was $66 just earlier this year. Bargain bin. I am a buyer here.
Wanted: bounce play on beacon! (2)after 3 years of gains BECN had a massive drop of almost 42%. The stock has spent the recent weeks on a good support level but no value buyers have stepped in. i want to some more blood before buying
Timing = 1 ( i think the overall market is likely to drop abit so this stock could drop some more)
Volume = 0 (volume was big on the selloff and it went quick so i would be cautious when this stock bounces)
Group strength = -1 (the building materials stocks looks weak)
Entry = 1 (i think the entry would be great bc it would be near a trendline and also at the 45% droplevel)
Fractal = 1 ( Fractal supports a break down)
Tweezer bottom BECNAre you kidding?
Wait for bonce, tweezer bottom not too long ago... might do the same?
Just my thoughts...
I got you...RED!!BECN: 10/20/17. LOOKING FOR A SHORT HERE. SHORT T1 @53.18, POSSIBLY T2 @51.16. THEN WATCHING FOR A LONG AND A CONTINUATION HIGHER. LONG T1 @58.53.
Becn mom squeezed in on weekly daily chart - indicator testingHi guys just testing some different indicators and settings for momentum squeeze setups if you have any preferences i would be happy to here them thanks. i am only looking at the bigger time frames where momentum is squeezed on at least two tf's eg weekly and daily like this one and daily - 4hr etc. Currently running cogchannels and mtrend squeeze with default settings.
Just running through becn on the weekly and daily chart can see it has been nicely squeezed in for some time on the weekly and may just be breaking we have broken the high on the move up which looks as though it's just broke from a triangle top, positive divergence on the mtrendsqueeze indicator granted its not major but div none the less
GAME ON: Watch for Stock breaking out. BECNBECN ready for breakout now that markets are ready to rally. Look for breakout around $44.86
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