LGIH has been on a great run over the past 2 weeks. I love this company in the long term, but I see a shorter term pullback coming as soon as next week simply because it has had 11 consecutive green candles on the daily, and the there is now a divergence in the current trend and the daily volume. I'm betting on a fall to at least $120 before April. BUT Only Time Will Tell
The Market isn't in the greatest situation to buy so this Long position should be taken with a heap of caution. LGIH Builds Entry Level Single Family Family in 17 States in the United States, single family homes in the United States have experienced an upswing of activity since COVID-19 has begun and at least in the San Francisco Bay Area there is a bidding war. ...
The Stock is fiddling around on the leading line which is a place of resistance. With yesterdays upset hopefully the price will rebound and make a positive indication of growth.
On the 4 hour scale and below you really start to see the breakdown on thee LGIH chart. indicators turning negative, except for OBV. OBV has turned neutral. The price action has formed both a rounded top and a H&S. I expect this stock to begin the process of a trend reversal in the short term. If this stock continues to see downside over the coming weeks, it would...
