thePirateKing

KBH Double Bottom

Long
NYSE:KBH   KB Home
Faster turn around on this one as opposed to HDSN if you like, a double bottom based on relative price structure according to Bollinger band strategy has formed. Looking for a confirmation day (an up day on good volume) to indicate a coming quick up move towards the opposite Bollinger band.

See chart for details.
Comment:
If the confirmation day occurs, then look for it to pause for a few days at the B-D line and hopefully break through. If this happens it will lead to further upside.
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.