TMHC is a strong stock. It's getting ready for a breakout from the rectangular formation. Bullish momentum is decreasing according to Squeeze Momentum indicator. Hence, the conclusion is that it will be a breakout rather than a breakdown.
Bullish Signal
Price> EMA 5, 18, 20, 150, 200
EMA 5 is crossing EMA 20
MACD curves almost cross and start turning upward
RIS is at around 50 to 55, between 70 to 30.
Relatively high ATR
Stock has been on a steady rise since oct 22. Out of the 7 earnings it only missed one.
This leads me to believe were looking at a run up before their earnings call on July 23rd ( Right before market open ) & If it falls it continuosly bounces off the 100 EMA.
It already showed it has potential to touch 60 on jun 23rd.. Retest prior to earnings?
To be continued..
Taylor Morrison Home Corporation is a national homebuilder and land developer in the U.S., specializing in the construction and sale of single-family detached and attached homes. The company's investment appeal lies in its strategic expansion across desirable real estate markets, providing geographical diversification and resilience against localized market...
Redmane: They are over extended on homes built and going to be forced to sell at a loss with rates climbing and people's buying power dropping.
Dawson's notes:
1) Zoom out we're in a large channel with good support at $27 (yellow)
2) The 21 day ATR is between $40 and $33.
3) Price is right against resistance at the $38 double top, which is also the midpoint of...
Hey there!
Let's take a look at technical picture for Taylor Morrison Home Corp NYSE:TMHC .
We have just bounced from the bottom line of clearly defined channel that has been started almost a year ago (from 26th June 2020).
So we can expect an upward direction in this stock's price.
From the Elliot Wave Theory there is also a bullish set up for this...
Yesterday, #TMHC, which has a business similar to #EXPI (Home builder), reached a new all-time high (ATH). There was a breakdown of a large resistance level, and now the security will be fixed at the top, from there in growth, it is expected that 2 growth targets will be achieved - prices 41.12 and 49.12 (in total + 75%). It makes sense to leave this security for...
Hey investors, TAYLOR MORISSON HOME CORP is in a zone of compression which it seeks to break upwards, high volume of sales on the last session. false bearish signal it goes towards its last previous low to turn around and go upwards we can reach the decision area if the buyers coordinate on a price.
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$TMHC is in buy zone after breakout of $22.33 last week.
12 months Consensus Price Target: $20.2
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RSI is pretty much certainly going to bearishly diverge. First resistance approaching, .5 fib, where I'd look for signs to sell/short. Would want to see a rejection or weak break of the .5 which happens to coincide very nicely with channel top.
TMHC seems to be in the early stages of primary wave 3 down. If this is the case prices should be in a path to a more than 50% drop ahead. Keep tuned. FOLLOW SKYLINEPRO TO GET UPDATES.
![TMHC: [TRADE IDEA] BMS STOCK BULLISH](https://s3.tradingview.com/r/rHL1b4fJ_mid.png "[TRADE IDEA] BMS STOCK BULLISH")
