MHO: M/I Homes, Inc. 2022-02-17 16:00:00 M/I Homes Announces $100 million Increase to Share Repurchase Authorization
- Break of Market structure - Low volume on retrace - Bullish orderblock for entry
V bottoms do have a true handle but there is a channel of support that has formed.. V bottoms come down in an almost straight channel as a rule and go back up the same way, without a lot of pauses...The trend back up is almost a mirror of the trend down. Price drops at an almost 45 degree angle. There is also a V top. When dealing with a V bottom, price forms...
Entry price : 44.90 Fundamentals : - Sector: Building - EPS % Chg (Last Qtr): 90% - 3 Year EPS Growth Rate: 32% - EPS Est % Chg (Current Yr): 71% - Sales % Chg (Last Qtr): 30% - 3-Year Sales Growth Rate: 14% - Annual Pre -Tax Margin: 6.9% Technicals : Hammer/Support
simple trade go long on MHO after breaking above resistance and testing the level that acted as support