Is Builders FirstSource (BLDR) looking for next multi year rally?
|Builders FirstSource, Inc., (BLDR) manufactures & supplies building materials, components & construction services to professional homebuilders, sub-contractors, remodelers & consumers in the United States. It comes under Industrials sector & trades as “BLDR” ticker at NYSE.
BLDR was corrected more than 50 % since all time high of $214.70 in June-2025 low. It ended correction of ((II)) at $102.60 in 6.02.2025 low in daily extreme area. Above there, it favors upside in next cycle or at least larger 3 swings bounce. We like to remain long from the daily extreme area against 6.02.2025 low.
BLDR – Elliott Wave latest daily view
It ended multi year impulse sequence at $214.70 high in March-2024 from inception. It ended (I) of ((I)) at $28.43 high in February-2020, (II) at $9.00 low in March-2020, (III) at $86.48 high in January-2022, (IV) at $48.91 low in June-2022 & (V) at $214.70 high. Within (V), it ended I at $74.48 high, II at $52.70 low, III at $156.85 high, IV at $105.24 low & V at $214.70 high. It ended ((II)) in flat correction. Within ((II)), it ended (a) at $130.75 low, (b) at $203.14 high & (c) at $102.60 low. The (a) unfold in zigzag, (b) in double three & (c) in impulse sequence in ((II)) pullback. It ended ((II)) correction in daily extreme area between $118.90 – $66.81 & now turned higher.
Above ((II)) low, it proposed ended (1) at $138.44 high & favors pullback in (2) against 6.02.2025 low. Within (1), it ended 1 at $119.35 high, 2 at $106.03 low, 3 at $137.21 high, 4 at $121.55 low & 5 at $138.44 high. Currently, it favors bounce in B of (2), while placed A at $118.17 low. It expects B to fail below $138.44 high to extend lower in C to extreme area to finish (2). We like to buy the extreme area against 6.02.2025 low for the next leg higher. Alternatively, it can break above $138.44 high to be 3 of (1), while placed 1 at $138.44 high. In that case, it can see two more highs to finish (1) before next pullback may unfold.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.