Don't be fooled by the 4.6% gain on Mar 28 (last trading day of March). Unless it is followed by another day of further upside, I believe that it would need to go down more to finish the WXY correction. The same pattern with the IWM and other small caps.
Home builders for 1 month. I wanted to see who was the best performer lately.
M/I Homes, Inc . is a leading US-based home construction company that offers comprehensive homebuying experiences, including financing. Its long-standing market presence, consistent growth, robust financial performance, and commitment to sustainable practices make it a compelling option for investors seeking stability and long-term value creation. In terms of any...
Good Fundamental ( Earnings ) and Technical ( Mov. Avg. Breakout ) , So Target 60.49 , Duration 1 to 5 months...........
MHO: M/I Homes, Inc. 2022-02-17 16:00:00 M/I Homes Announces $100 million Increase to Share Repurchase Authorization
- Break of Market structure - Low volume on retrace - Bullish orderblock for entry
V bottoms do have a true handle but there is a channel of support that has formed.. V bottoms come down in an almost straight channel as a rule and go back up the same way, without a lot of pauses...The trend back up is almost a mirror of the trend down. Price drops at an almost 45 degree angle. There is also a V top. When dealing with a V bottom, price forms...
Entry price : 44.90 Fundamentals : - Sector: Building - EPS % Chg (Last Qtr): 90% - 3 Year EPS Growth Rate: 32% - EPS Est % Chg (Current Yr): 71% - Sales % Chg (Last Qtr): 30% - 3-Year Sales Growth Rate: 14% - Annual Pre -Tax Margin: 6.9% Technicals : Hammer/Support
Built nice base to continue uptrend from here.
simple trade go long on MHO after breaking above resistance and testing the level that acted as support
Nice looking momo chart.