D. R. Horton - 60% Upside Opportunity?

NYSE:DHI   D.R. Horton, Inc
Is there an opportunity for a considerable gain on a homebuilding company D. R. Horton that operates in 31 states, before potential recession in the US.

Fundamental indicators:
  • Revenue and Profits - demonstrated consistent and explosive long-term earnings growth over the past 10 years
  • Profit margin - showing higher efficiency every year and currently at 16.5%
  • P/E - under-priced with just 4.8x ratio
  • Liabilities - no problems with debt

Technical Analysis ( Elliott Waves ):
  • Although it is a complex scenario but it is likely that there is an Ending Diagonal forming in the final fifth wave since the global correction completed in March 2020
  • Wave 1 with a zigzag culminated in May 2021 and since then second wave has been forming with an Extended Flat pattern where wave C is currently getting completed
  • Wave 3 is also expected to be formed by a zigzag targeting price range of $111 to $130 representing 0.5 and 0.786 Fibonacci retracement levels respectively

What do you think about this scenario for D. R. Horton ?

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