I like Mohawk Industies a little lower to go long. There is a FVG around $100 per share and I would set an alert to go long at that position.
If you wish to go short in the next 2 weeks, I would tread carefully and exit with a quick TP.
Otherwise setup an alert for price to reach $102 and hit buy from there.
Happy Trading,
First reason:
An analysis of options trading results from the previous trading session revealed abnormal trading volume at strike 110, significantly higher than the average #MHK option trading volume( more than 1000% of average)
Second:
The analysis of the graphs indicates that there is a significant amount of buying activity at the price level (indicated on the...
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring...
Mohawk Industries Inc. the world's largest manufacturer of flooring for residential and commercial markets. The company manufactures a wide range of ceramic tiles, porcelain tile, natural stone tiles, carpet tiles, carpets, carpet cushions, laminate and vinyl products, and more. Mohawk is a major supplier of all major flooring categories with manufacturing...
I have changed up how to best display projected movement. In the case of MHK, 4 of my algorithms signaled a BUY on March 24, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a...
$MHK displayed a open drive pattern, gapping up from $159.71 to $168.04 during the second week of February trading week. The share price further soared to this week's high of $185.85, before tumbling to a low of $168.1 as Federal Reserve Chairman comments this morning reignite global stock jitters.
At the current junction, $MHK remains supported by its 20DMA,...
Hey traders, MOHAWK INDUSTRIES is in a bullish push with a hammer candle shape and strong sell volume issued. The TIMEFRAME M1 shows a marubozu with a low voume traded it goes towards the base for testing. Then after the highest before she will test the top of the consolidation zone. Big possibility of breaking the price with the return of buying momentum then the...
Down today
I am sure it can also go back in to the A triangle as well if it drops 1 dollar further
Trading is a gamble!
Buy red/sell green
NV is very high on this one
Beware/A triangles can bust (fail )
Not a recommendation
News-flow involving the SEC and Lawsuits is exactly what shorts look for ,
lets see how intense the selling could be today as the stock has already capitulated to a certain extent
