We really like to keep our charts simple and momentum in price action is the most important thing to us. One of my favorite setups is a squeeze because it allows me to get into a stock or option before the large move has been made. This is obviously really nice when you trade with options because of the greeks and implied volatility starts working for you. Here is...
After a almost 4 year sideway consolidation the break out could be near. Looking for a big volume spike as this needs serious interest to get above the $25.- area.
Target Area is $25.-ish
I have two setups on this one. Stock is gaping up on earnings today. Because of that, I'm not sure if it will pull all the way back to the lower entry @ $20.00
One could consider having both orders open and cancelling the lower entry if we don't get a pullback that far. If we do, there is a good chance the the higher entry idea gets stopped out.
Entry 1: 20.40...
PHM has had a solid day today, after hitting the support level of 21.33 a few days ago, and may continue to move slightly higher into the current resistance level, with a goal of 2%
Here is a very interesting divergence: price continues to fall, and the accumulation continues to rise. Add to that the accuracy of bounces: It seems that this is not just. Judging by cyclical lines, it's got to happen soon.
