BuildersI believe housing will take a short term hit this year. Maybe even flooding over into next year. I do see a strong recovery though for years following that. I hope prices turn down, so I can start accumulating.
KBH trade ideas
Descending triangle reversal pattern has been confirmed!Nice descending triangle reversal pattern. Pattern broke through the upper line with a gapu up and very high volume. The pattern was confirmed a couple of days ago when the stock made a pullback, Price is just over the pivot point but under the 23.6% fib line Price target is around the 38.2% fib line at $19.34. If stock price would go down, stop-loss has been placed around a previous resistance now support level. Good sign that volume has decreased on consolidation. I'm not trading this stock but these are my views on it.
