Price is within a down channel but is trying to move to the upside IF an upside break occurs a buy is in order as price may like to recovery to where the prior drop occurred This is another symmetry post Potential bullishness
If indexes go lower then Homebuilder stocks are going to get smashed. Rising interest rates do this sector 0 favours. Anyhow here's a tasty short setup. BZH has had a double top bounce to first print a star candle then an evening star candle formation shakeout reversal patterns through the log 0.618 retracement from the previous high. In addition there is a...
We will get a slew of housing data next week which will send shock waves throughout the housing market. I believe we get very weak housing starts and home sales numbers. My pessimistic belief for this data is derived from the fact that interest rates are at 3 year highs. Interest rates have a big impact on financing costs for homes, when financing costs rise home...
BZH is on weekly support that potentially bounce up from current price. Take profit on about 25% gain. Keep in mind to have cut loss level.
Good accumulation. On a breakdown upwards. Do not forget the stop loss! ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a...
Do your own research, but here is what I found.
The homebuilder sector etf was up .75% on friday, despite rest of market being red. BZH has rising channel on daily, resistance would be $14.44 in this channel. Over 4000 $14 calls sitting in OI for 10/16. Fibonacci .618 is $15.4. Everything is dependant on Trumps health. Happy trading
Don't pay heed to Zacks - this has a Zacks rank of 5, it doesn't get any worse, yet here I am 4.3% up. I used to pay attention to Zacks, never again.
Taking a swing on BZH, nice solid day so far with entry at 13.72. Hit scanner this AM.
Beazer is heading to 2.50ish level. Right now we are in the $10s. Short the crap out of it.
potential Bull flag - if aint tight, it aint right. Buy the breakout
Looking for up trend within the channel. If it breaks to lower support might be good opportunity to double down. Always take an options position for put to protect yourself from downward movement.
PAIR THIS TOGETHER WITH CAVCO. One long one short. give it a few months :)