📈 Symbol: MTH (Meritage Homes)
📊 Timeframe: Daily Chart
📍 Strategy: Position Trade (Weeks to Months)
🎯 Trade Setup
Entry Zone: $74.00 (Current breakout level / near SMA 20)
Stop-Loss (SL): $65.74 (Below key support & SMA 50)
Take-Profit (TP): $92.70 (ATH Resistance & +25% upside)
Risk-Reward Ratio: 1:2.5
📊 Technical Analysis
✅ Trend: Strong uptrend (Higher highs & higher lows).
✅ Moving Averages: SMA 20 > SMA 50 (Bullish alignment).
✅ RSI (14): ~65 (Healthy momentum, no overbought signal).
✅ MACD: Bullish crossover & histogram expanding.
✅ Volume: Rising on upward moves (Confirms buying interest).
Key Levels:
Support: $70 (SMA 20), $65.74 (Strong Swing Low).
Resistance: $78 (Recent High), $92.70 (All-Time High Target).
💰 Fundamental Backing
Strong Financials: Low debt (Score 10), undervalued P/E & P/S ratios.
Revenue Growth: Steady performance in housing sector.
Institutional Interest: Increasing accumulation.
⚡ Trade Execution Plan
1️⃣ Entry: $74.00 (Break of consolidation).
2️⃣ Stop-Loss: $65.74 (Protects against trend reversal).
3️⃣ Take-Profit: $92.70 (Scale out partials at $78 and $85).
4️⃣ Trailing Stop: Adjust SL to breakeven at $78.
📌 Why MTH?
Strong sector outlook (Housing demand remains high).
Technically & fundamentally aligned for a multi-week rally.
Clear risk management with 1:2.5 RR.
🎯 Verdict: BUY MTH at $74, SL $65.74, TP $92.70.
🔔 Follow for more trade ideas!
👍 Like & Comment if you agree!
#TradingView #Stocks #MTH #PositionTrading #RealEstate #SwingTrading
(Disclaimer: Not financial advice. Do your own research.)
📊 Timeframe: Daily Chart
📍 Strategy: Position Trade (Weeks to Months)
🎯 Trade Setup
Entry Zone: $74.00 (Current breakout level / near SMA 20)
Stop-Loss (SL): $65.74 (Below key support & SMA 50)
Take-Profit (TP): $92.70 (ATH Resistance & +25% upside)
Risk-Reward Ratio: 1:2.5
📊 Technical Analysis
✅ Trend: Strong uptrend (Higher highs & higher lows).
✅ Moving Averages: SMA 20 > SMA 50 (Bullish alignment).
✅ RSI (14): ~65 (Healthy momentum, no overbought signal).
✅ MACD: Bullish crossover & histogram expanding.
✅ Volume: Rising on upward moves (Confirms buying interest).
Key Levels:
Support: $70 (SMA 20), $65.74 (Strong Swing Low).
Resistance: $78 (Recent High), $92.70 (All-Time High Target).
💰 Fundamental Backing
Strong Financials: Low debt (Score 10), undervalued P/E & P/S ratios.
Revenue Growth: Steady performance in housing sector.
Institutional Interest: Increasing accumulation.
⚡ Trade Execution Plan
1️⃣ Entry: $74.00 (Break of consolidation).
2️⃣ Stop-Loss: $65.74 (Protects against trend reversal).
3️⃣ Take-Profit: $92.70 (Scale out partials at $78 and $85).
4️⃣ Trailing Stop: Adjust SL to breakeven at $78.
📌 Why MTH?
Strong sector outlook (Housing demand remains high).
Technically & fundamentally aligned for a multi-week rally.
Clear risk management with 1:2.5 RR.
🎯 Verdict: BUY MTH at $74, SL $65.74, TP $92.70.
🔔 Follow for more trade ideas!
👍 Like & Comment if you agree!
#TradingView #Stocks #MTH #PositionTrading #RealEstate #SwingTrading
(Disclaimer: Not financial advice. Do your own research.)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.