BECN - Beacon Roofing Supply 1 Year, 11 Months ago
Karma: 1
Ito na yung drop na sana we have had ung hindi lang malikot tong stock na ito. Congrats are in order for people who braved BECN even though it was starting to become bad for shorters days ago....
Bigger picture is an H&S with a possible TP of around 9$ (48%)
what could have been tricky is the falling wedge caused a temporary breakout but wasn't sustained. Now the neckline is almost broken and there is an inverted flag pa I guess this issue is really very bearish already. malapit na siguro mahinog ito
tama ba analysis natin
Everything does look bearish for BECN but I still have concerns about it:
1. The wedge's volume doesn't confirm it's a wedge.
2. The H&S is there as it shows, but volume also seems wrong. But if this is right, that's a big ride all the way down.
3. The only thing I would have to agree with would be the inverted flag/pennant. If it's any consolation, maybe we can play this.
4. Volume in this issue is not attractive enough for me. I prefer playing stocks that have at least 1M shares daily ave. volume.
pare, sayang talaga ito! SHakeout... oh well.. part of the game...
!@#$%#$!~!@#! !@#!$$#@! !@@!#$#$#!!!!$#@#$# and !#@$#@!! $#@#!@ and above that !@#@#$#!! !#@##@! when I could have @!#!#@#!@#@! but instead... !@#!#!@#!@ and $#@#!!!$# and so finally $#@!!!#$#$@!!@##@!!
