2waytrading

Flag (Bearish)

Short
NYSE:PHM   PulteGroup, Inc
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Very strong trend, but lately has shown some cracks to the downside. October high pulled back up to 21%. After it printed a new lower low price bounced and failed to print a new high but lower high and pulled again back but avoided a new lower low. This higher low which was an indication of a new higher high has achieved its short term target but did not last long, now volume dropped and price started to fall slowly. There is a higher chance that price could fall and print a new lower low.

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