TOL (Toll Brothers) – Bullish Continuation Play

🚀 Trade Idea: TOL (Toll Brothers) – Bullish Continuation Play

Entry: $127 | Stop Loss: $110.60 | Take Profit: $160.57
Risk/Reward Ratio: ~1:3

📈 Technical Setup
Trend:

Daily: Strong uptrend, higher highs & higher lows.

4H/1H: Bullish momentum with SMA(20) > SMA(50).

Key Levels:

Support: $121 (recent swing low) / $110.60 (strong demand zone).

Resistance: $127 (current breakout level) → Target: $160.57 (ATH potential).

Indicators:

RSI(14): 67 (bullish, no overbought signal yet).

MACD: Positive crossover on daily chart.

Volume: Rising on upward moves (bullish confirmation).

💡 Why TOL?
✅ Fundamentals:

Strong revenue & earnings growth (housing market resilience).

Undervalued P/E (~9.4x vs. sector avg. ~12x).

Healthy debt management (Score 10 in debt analysis).

✅ Catalysts:

Fed rate cuts could boost homebuilder stocks.

Strong backlog of orders (bullish for future earnings).

🎯 Trade Execution
Entry: $127 (break of consolidation).

Stop Loss: $110.60 (below key support, ~13% risk).

Take Profit: $160.57 (26% upside, near ATH).

Partial Profit-Taking: Consider scaling out at $145 (mid-term resistance).

⚠️ Risk Management
Position size ≤ 2-3% of portfolio.

Adjust SL to breakeven if price reaches $135.

🔍 Watch For:

Housing market data (new home sales, mortgage rates).

Earnings date (next report: Aug 2025).

📌 Comments? Would you take this trade? Let’s discuss below! 👇

#Homebuilders #Breakout #TOL #TradingView

(Disclaimer: Not financial advice. Do your own research.)