nicktussing77

PULTE GROUP (PHM), THIS DUDE GIVES AWAY LOTS OF MONEY

BATS:PHM   PulteGroup, Inc.
You can follow the ceo on twitter.
He often has live streams where he obviously talks about his company among other things.
He also gives away a lot of money. It seems he genuinely cares and enjoys giving away money. It seems partly for his image, but imo, he created a win/win. With the amount of money he has given away, he's earned some good publicity.
(I've never received money as a disclaimer, I mention this because a lot of his twitter feed is about giving)
He talks about GME and BBBY often.
Flys a chopper.
Won't give me a ride.
For his stock.
Honestly, he seems awesome, but his stock is getting to the scary zone.
Now, I say this because even though it is a scary zone, there is a lot of potential upside momentum can carry the price to.
So, earnings on the 23th is important to note.
It will likely have an effect on price. I assume from the looks of things, price might see a decent upside movement to 125-145 range and then see a significant downside before recovery.
I think I labeled most of the important things on the chart.
Comment:
careful as we push into this rejection trend as we head into earnings. A breakout could take it up to 145 and a rejection could take it down to 70. hard to say atm, but our trade on this stock started around $73, so we're at a decent profit and there is no shame closing a trade and being patient to see what happens.
Comment:
Comment:
Friday's closing price may have put price action to the 125 mark, but ultimately, I still see it heading down similar to the picture once the upside stops.
Comment:
I wonder how IEP is doing these days.
Comment:
Market is up and down so when I say I still favor the downside, I mean it in a sense that we see the gaps close before we see the 145+ numbers.
This is technically a support area, but also we are under trend and just above a much strong trend, which is above an even stronger support trend. So, I do fully expect it to catch a bounce at some point. When? idk.

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