TPH formed a double bottom in end July-beginning Aug before going into a consolidation phase. Bearish momentum is getting over. Next week TPH should start its move up.
Entry: above 31.00, below 31.50
Volume: greater than 20 day average
Target: 34 area
Stop: Depending on your risk tolerance; 30.67 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this...
"Tri Pointe Homes" has broken above a previous resistance area with a strong price gain supported by greater than normal volume . Be careful as it could pull back. Perhaps look for a buy price if it reaches 31.5$ to confirm direction"
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Economic Data coming out next week for new home builds and sales. I believe these numbers will be very week which should push those housing sensitive names lower. I believe this stock is a prime candidate for a major drop as we are seeing the price come up to test that 50 day moving average.
NYSE:TPH broke out, anticipated price action and targets are shown on the chart, stop loss daily close below 20$.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
Hello traders, TRI POINTE GROUP is in a fake bearish trend with a return of traded buy volume and an upside down hammer candle. By bending the TIMEFRAME M1 we observed a kind of hammer candle with a low volume of executed sales it is in full breakage of the base of the bolinger. To test the top of it and go to test the VWAP for the broken one she heads to the top...
Good stock to buy with recent good QTR result, and with the recent bull flag formed i think there is an upcoming surge for this stock. I personally think that this stock has potential to reach $21
It can go up because:
1. The stock is in the channel. The support is around 14.87
2. Ehlers Smoothed Adaptive Momentum is in the green zone. That's mean that we have bullish momentum
3. MACD is bullish
Buy: 15.61
Stop Loss: 14.87
Target: 17.09 (2R)
if you have any questions, let me know
Thank You
Recent candles in a reasonably tight range. Decent risk:reward with this trade. Bullish indicators: price moved above 200SMA, increasing MFI, strong MACD.
