PHM trade ideas
Look for Inverse H&S confirmation for Bullish ReversalLooking for bulls to push PHM back to $29.12 + this afternoon and bullish confirmation on 25-June. Hoping restest is for a higher low (no lower than $28.79) to finish right shoulder. Purchase at neckline. 30 Day Price target $31.45, stop loss at $28.62.
Nice Upward trending ChannelNice upward channel to buy on dips. Price range of the pattern is 11% from low to high.
PHM odds for long tradePHM odds for 10sma monthly bounce is again reason why it is on screen. After yesterday earning report and nice gap we can see 60 min consolidation. My interest is for swing trade and because of that for start I'm using stop under yesterday low, but if 60 min consolidation will continue and if we will see setup after doldrum time I will look for smaller stop. Idea is daily resistance breakup, bounce from weekly 50sma and monthly 10sma. Target for now is previous high and that is around $34-35 area.
Homebuilders turn it up strong againvuelve a mostrar fortaleza el sector de los HomBuilder y $PHM no es la excepción! Buscando salir de la lateralización hacia arriba con buen volumen hoy. Sin embargo el movimiento se confirmaría al ver la MM30 nuevamente al alza.
Swing Trade Idea in PHM!We really like to keep our charts simple and momentum in price action is the most important thing to us. One of my favorite setups is a squeeze because it allows me to get into a stock or option before the large move has been made. This is obviously really nice when you trade with options because of the greeks and implied volatility starts working for you. Here is some brief bullet points on why we like this setup:
- This stock has consolidated back to the 21 day moving average after a very bullish move.
- The price is in a squeeze and is starting to fire out of that squeeze to the upside
- There was good volume on the move higher today
My strategy is based on swing trading stocks and options. My hold time averages around 8 days, but can go as long as 3 months depending on momentum and price action. Please make sure to have an exit strategy in place at all times no matter how good a setup looks...anything can happen!
PHM - Bullish Break out aheadAfter a almost 4 year sideway consolidation the break out could be near. Looking for a big volume spike as this needs serious interest to get above the $25.- area.
Target Area is $25.-ish
PHM Bullish Swing I have two setups on this one. Stock is gaping up on earnings today. Because of that, I'm not sure if it will pull all the way back to the lower entry @ $20.00
One could consider having both orders open and cancelling the lower entry if we don't get a pullback that far. If we do, there is a good chance the the higher entry idea gets stopped out.
Entry 1: 20.40 with a stop @ 19.95 and a target of 21.30
Entry 2 (preferred): 20.00 with a stop @ 19.50 and a target of 21.00
Minimal risk, for minimal gains to 21.80. PHM has had a solid day today, after hitting the support level of 21.33 a few days ago, and may continue to move slightly higher into the current resistance level, with a goal of 2%
Often, the completion of a trend similar to its beginning. The pivot points began to measure the rise.
I think that a movement within the trend will continue.Firstly, because we are already above the cloud. Secondly, if we assume that the key element is the MA 100 line, we are now over it.
