No pattern really, just keeps moving up. Pull back very possible but hasn't pulled back a whole lot, so far that is. I have owned this one since the bottom so getting in now may be risky. I do feel it has a ways to go. It is getting close to overbought right now. Maybe one to buy a little of on pull backs
Just one to keep an eye on as this sector...
What I see...
+ Found Support from mid-March slump
+ Prices moved side way formed multiple cup and handles
+ Tested $21 Resistance back in late April and pulled back
+ Prices approaching $21 again forming a triangular wedge
+ RSI at 56 and rising
- MACD is above signal line but in negative zone
- 10MA is under both 50MA and 200MA
- Price is far from the rising...
In october 2017, NAIL broke $50 for the first time and doubled in the next four months (around a 33% gain for the normal home-builder ETF). Since then, we've taken back the entirety of those gains as we worry about interest rate hikes and the overvaluing of the space. Point is, I think the selling's about over.
We have stabilized with a seeming double bottom in...