DHITagged the July low aka head & shoulders neckline perfectly & reversed today. Is it that easy? I've got the pink line below as the target if it plays out.
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14.17USD
5.858BUSD
33.48BUSD
338.297M
About D.R. Horton, Inc.
Sector
Industry
CEO
David V. Auld
Website
Headquarters
Arlington
Employees
13.237K
Founded
1978
ISIN
US23331A1097
D.R. Horton, Inc. is a homebuilding company, which engages in the construction and sale of single-family housing. It operates through the following geographical segments: Northwest, Southwest, South Central, Southeast, East, and North. The Northwest segment includes Colorado, Oregon, Utah, and Washington. The Southwest segment includes Arizona, California, Hawaii, Nevada, and New Mexico. The South Central segment focuses on Arkansas, Oklahoma, and Texas. The Southeast segment includes Alabama, Florida, Louisiana, and Mississippi. The East segment includes Georgia, North Carolina, South Carolina, and Tennessee. The North segment focuses on Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Minnesota, Nebraska, New Jersey, Ohio, Pennsylvania, Virginia, and West Virginia. The company was founded by Donald Ray Horton in 1978 and is headquartered in Arlington, TX.
DHI approaching meaningful supportD.R Horton Inc. (DHI) presently approaching meaningful support, able to absorb weekly selling pressures. From here, (DHI) can recover and turn higher to channel resistance, eliciting gains of 20-25% over the following 3-5 months. Inversely, a weekly settlement below the shown support would place (DH
DHI: Ascending Triangle, Confirmed (81.97%)(12/1000)(12/1000)
Ascending Triangle for DHI.
Confirmed. Possible 82% gains.
Pros:
1- Bullish Ascending triangle, Confirmed
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- R/R ratio above 5
5- 250RSI above 50 and climbing
6- 50MA above 200MA
7- 50MA and 200MA ascending.
8- RS above 0
D.R. Horton ($DHI) LongD.R. Horton, Inc. is a home construction company. Since 2002, the company has been the largest homebuilder by volume in the United States. Someone sold DHI 8/25 105P short and bought 120/130C spreads for 1.25... Same trader, multi-leg bullish strategy. Look for a bounce off the 50 day moving avg
Top for homebuilders?I'm sure this is a fairly contrarian idea especially on the day the Fed will probably elect to not have a rate cut for the first time and over a year but isn't that how these markets work usually anyway ie natural gas plummeting after the pipeline from Russia to Europe was destroyed as everyone was
Developers May Start A Downtrend Or CorrectionOn Friday, all developers closed in red, some experienced a more significant drop than others. DHI and LEN have already fallen below the previous month's high, so they would be my best short candidates.
People are not going to be buying houses with mortgage rates through the roof. Multiple research
DHI - Inverted H&San idea showing inverted H&S
could also be called a cup and handle if you disregard the prior left shoulder
Bullish above currently
Hourly chart
Bullish on D.R. Horton Inc. $DHI A Technical Analysis Trade D.R. Horton Inc. ( NYSE:DHI ) appears to be in a bullish trend with the potential to break past its resistance level at 110.52. The Williams Alligator indicator confirms this bullish sentiment with its "alligator mouth" open, indicating an uptrend. A potential trade idea could be to go long on NYS
WAYYYY TOO MANY OOFSAlright, does anyone else feel a BIT toppy here. When I say feel, I mean there's technical signals and there's confluence. Talk to some RE agents maybe... Go look on Zillow, for the profits have indeed been delayed and withering... This might the simplest long term short possible.
DHI Bearish IdeaThe Complex Union bearish price structure here is valid where I anticipate the red bearish pattern to fractal and become a left wing on a larger bearish pattern. I was alerted to this chart by another trader and it is a great sell signal with my system.
See all ideas
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