LGI Interesting Chart Structure (Opposites) A chart for LGI, price is in a relatively tight range on this Weekly timeframe, it has repeated a chart pattern in an inverted fashion
White rectangle is where we are currently with price and should retest green as it did in the first situation inversely on the first white rectangle
Both are wedge patterns
LGIH
LGIH Pullback?LGIH has been on a great run over the past 2 weeks. I love this company in the long term, but I see a shorter term pullback coming as soon as next week simply because it has had 11 consecutive green candles on the daily, and the there is now a divergence in the current trend and the daily volume. I'm betting on a fall to at least $120 before April. BUT Only Time Will Tell
Housing Market Review (May, 2018) - A Fresh Flicker of LifeHousing Market Review (May, 2018) - A Fresh Flicker of Life As Sentiment Turns Without A Change in Data. The housing data continue to plod along but the market for home builder stocks is suddenly warming up all over again.
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AVHI: Good valuation and potential weekly uptrend continuationAVHI has a very interesting chart, here, and valuation is very good. We can look to establish a position here, aiming for a resumption of the weekly uptrend within 2-3 weeks.
Entering at market open, risking 0.5% on a decline to 14.37 is a great longer term entry in this stock.
Once we have some progress we can look into trailing stops and adding to the position gradually.
This is a good chance to gain exposure to the sector, so don't miss it.
Good luck,
Ivan Labrie.