๐ Symbol: MTH (Meritage Homes)
๐ Timeframe: Daily Chart
๐ Strategy: Position Trade (Weeks to Months)
๐ฏ Trade Setup
Entry Zone: $74.00 (Current breakout level / near SMA 20)
Stop-Loss (SL): $65.74 (Below key support & SMA 50)
Take-Profit (TP): $92.70 (ATH Resistance & +25% upside)
Risk-Reward Ratio: 1:2.5
๐ Technical Analysis
โ Trend: Strong uptrend (Higher highs & higher lows).
โ Moving Averages: SMA 20 > SMA 50 (Bullish alignment).
โ RSI (14): ~65 (Healthy momentum, no overbought signal).
โ MACD: Bullish crossover & histogram expanding.
โ Volume: Rising on upward moves (Confirms buying interest).
Key Levels:
Support: $70 (SMA 20), $65.74 (Strong Swing Low).
Resistance: $78 (Recent High), $92.70 (All-Time High Target).
๐ฐ Fundamental Backing
Strong Financials: Low debt (Score 10), undervalued P/E & P/S ratios.
Revenue Growth: Steady performance in housing sector.
Institutional Interest: Increasing accumulation.
โก Trade Execution Plan
1๏ธโฃ Entry: $74.00 (Break of consolidation).
2๏ธโฃ Stop-Loss: $65.74 (Protects against trend reversal).
3๏ธโฃ Take-Profit: $92.70 (Scale out partials at $78 and $85).
4๏ธโฃ Trailing Stop: Adjust SL to breakeven at $78.
๐ Why MTH?
Strong sector outlook (Housing demand remains high).
Technically & fundamentally aligned for a multi-week rally.
Clear risk management with 1:2.5 RR.
๐ฏ Verdict: BUY MTH at $74, SL $65.74, TP $92.70.
๐ Follow for more trade ideas!
๐ Like & Comment if you agree!
#TradingView #Stocks #MTH #PositionTrading #RealEstate #SwingTrading
(Disclaimer: Not financial advice. Do your own research.)
๐ Timeframe: Daily Chart
๐ Strategy: Position Trade (Weeks to Months)
๐ฏ Trade Setup
Entry Zone: $74.00 (Current breakout level / near SMA 20)
Stop-Loss (SL): $65.74 (Below key support & SMA 50)
Take-Profit (TP): $92.70 (ATH Resistance & +25% upside)
Risk-Reward Ratio: 1:2.5
๐ Technical Analysis
โ Trend: Strong uptrend (Higher highs & higher lows).
โ Moving Averages: SMA 20 > SMA 50 (Bullish alignment).
โ RSI (14): ~65 (Healthy momentum, no overbought signal).
โ MACD: Bullish crossover & histogram expanding.
โ Volume: Rising on upward moves (Confirms buying interest).
Key Levels:
Support: $70 (SMA 20), $65.74 (Strong Swing Low).
Resistance: $78 (Recent High), $92.70 (All-Time High Target).
๐ฐ Fundamental Backing
Strong Financials: Low debt (Score 10), undervalued P/E & P/S ratios.
Revenue Growth: Steady performance in housing sector.
Institutional Interest: Increasing accumulation.
โก Trade Execution Plan
1๏ธโฃ Entry: $74.00 (Break of consolidation).
2๏ธโฃ Stop-Loss: $65.74 (Protects against trend reversal).
3๏ธโฃ Take-Profit: $92.70 (Scale out partials at $78 and $85).
4๏ธโฃ Trailing Stop: Adjust SL to breakeven at $78.
๐ Why MTH?
Strong sector outlook (Housing demand remains high).
Technically & fundamentally aligned for a multi-week rally.
Clear risk management with 1:2.5 RR.
๐ฏ Verdict: BUY MTH at $74, SL $65.74, TP $92.70.
๐ Follow for more trade ideas!
๐ Like & Comment if you agree!
#TradingView #Stocks #MTH #PositionTrading #RealEstate #SwingTrading
(Disclaimer: Not financial advice. Do your own research.)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.