NAIL on a 14 minute chart tested the support at the rising trendline confluent with the mean anchored VWAP and has bounced and crossed over the latter. Relative strength lines are crossing over the 50 level and the relative volume is showing a gradual rise. This is the beginning of homebuilding season after all. Mortgage rates might be getting a cut. I will...
Restoration Hardware on the weekly chart rose from COVID and then retraced for almost two years. It appears now ready to experience some investor and trader interest once again. It is rising from the POC line of its long term volume profile. The trend strength indicator just inflected and curled upward. I like to catch trends early to get as much of a move as...
NAIL- is an ETF of Homebuilders; It is 3X leveraged. Price is up over 30% in the first two weeks \ of June. It is shown here on the 30-minute chart with the "Market Bias" indicator which shows uptrends in green and pull-back zones in gray. Presently, price is pulling back - when the gray colored trend indicator changes back to green, an optimal entry can be...
Another one where I feel wednesday NAIL will retest the 200ema from market panic on rate hikes. At this time I will add to a swing position and feel strong upside potential in a short time frame. Lumber futures are about to go crazy and although rates are higher this is reality.