id hold long/calls as long as the uptrend holds, but switch to puts on a break of the bottom trendline.
id look for some better plays if you want options, but it looks good if its just for shares
LEVERAGED 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...
Another pattern that confirms the previous daily pattern with a slight difference in targets and a stop-loss limit sell 42.35 to 42.20 T1 35.00 T2 30.20 SL closing up 47.00
sell 42.75 to 43.65 T1 32.50 T2 25.00 SL closing UP 47.60
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...
if there is a sector that deserve a bigger rally than the homebuilder sector … please name it NOW
This year was a bad year overall for the homebuilders and supplies sector
What goes up must go down …. Homebuilders and supplies Sector is the biggest looser this year
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...
the only ETF that hasn't recover at all from the low of last month