The Bearish Flag is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation if preceding move was down.
Indecision. Widening then narrowing range.
Traders are watching Builders FirstSource (BLDR) as price action tightens. The stock is trading at $87.77, up 0.27% on the day. Price action has carved out a classic Diamond. Volume is average (0.58x avg) with moderate trend strength (12.9). A potential breakout level is identified at $76.5, targeting $53.88 with support near $87.81 (R:R 2.0).
What is your outlook on BLDR?