MTH (Meritage Homes) โ€“ Position Trade Setup

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๐Ÿ“ˆ Symbol: MTH (Meritage Homes)
๐Ÿ“Š Timeframe: Daily Chart
๐Ÿ“ Strategy: Position Trade (Weeks to Months)

๐ŸŽฏ 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

๐Ÿ“Š Technical Analysis
โœ… Trend: Strong uptrend (Higher highs & higher lows).
โœ… Moving Averages: SMA 20 > SMA 50 (Bullish alignment).
โœ… RSI (14): ~65 (Healthy momentum, no overbought signal).
โœ… MACD: Bullish crossover & histogram expanding.
โœ… 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).

๐Ÿ’ฐ 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.

โšก Trade Execution Plan
1๏ธโƒฃ Entry: $74.00 (Break of consolidation).
2๏ธโƒฃ Stop-Loss: $65.74 (Protects against trend reversal).
3๏ธโƒฃ Take-Profit: $92.70 (Scale out partials at $78 and $85).
4๏ธโƒฃ Trailing Stop: Adjust SL to breakeven at $78.

๐Ÿ“Œ 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.

๐ŸŽฏ Verdict: BUY MTH at $74, SL $65.74, TP $92.70.

๐Ÿ”” Follow for more trade ideas!
๐Ÿ‘ Like & Comment if you agree!

#TradingView #Stocks #MTH #PositionTrading #RealEstate #SwingTrading

(Disclaimer: Not financial advice. Do your own research.)

Penafian

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