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sparrow_hawk_737
Jan 8, 2021 4:47 PM

Leveraged play on home building Long

Direxion Daily Homebuilders & Supplies Bull 3X SharesArca

Description

Homebuilder stocks have been consolidating for some time now. A short-term move to $70 is very likely given the technicals.

Comment

Awesome action ... watch Lennar, Toll Brothers ... more upside to come.

Comment

This is going higher ... Homebuilders have broken out.

Trade closed manually

I closed my entire position at $70.
Comments
zAngus
Nice early call on NAIL. I'm looking for a recovery play hopefully over the next couple of days after the dramatic sell off.

sparrow_hawk_737
@Angusmck, You know, back in March 2020 I was planning to go 100% all in on NAIL (it was $6 then!). I thought, this thing is gonna be at all the highs eventually! I didn't pull the trigger unfortunately. Next time, will be a different story!!!!
andy5868
Great call on this one, was a big move it had and $70 was a great time to take profit.
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