I have posted PHM earlier but a rising wedge has taken form
Rising wedges are usually bearish
PHM has fallen from the bottom trendline of the RW, and hopefully the handle low will catch it
Not a recommendation
Neutral until fall complete
MDC and KBH, LEN, DHI and MTH all have their own RWs they are falling from
(I hate RWs) LOL
There for a while it seemed home builders were gonna keep on keeping on
Only thing that never changes...is change
Rising wedges are usually bearish
PHM has fallen from the bottom trendline of the RW, and hopefully the handle low will catch it
Not a recommendation
Neutral until fall complete
MDC and KBH, LEN, DHI and MTH all have their own RWs they are falling from
(I hate RWs) LOL
There for a while it seemed home builders were gonna keep on keeping on
Only thing that never changes...is change