PHM: Long opportunityAn intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price within the expected pull back zone 21.84 - 22.32 as previously being back tested.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
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.
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.
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 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