Home builders had a steep fall in the 1st half of 2022 and had been building a base in the 2nd half. They have now emerged from the base and appear to be on the slow path to recovery.
TOL has seen at least 3 gap ups since it's last golden cross on 8 Nov22. A sign that moemntum has been building since this golden cross. There was an attempt to break above it's neckline @ 5.50 on 13 dec but soon dips below again (a shallow dip though) until it propelled above the neckline again at the start of this year.
Any near term dip would be a low risk opportunity to long with initial stops just below $49.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!