Beacon Roofing Supply, Inc.
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Wanted: bounce play on beacon! (2)

115
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)

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