PHM - Pulte Homes Inc. - Page 3

PHM in a downtrend here. If it loses $8.50 support, that is a very bearish sign that housing is indeed in the crapper.

Has been trading between 8-13 for the past couple of years pretty religiously. If you check out a 3-year weekly chart it shows a good illustration. Currently PHM is at $8 right now so according to history it is going to head higher in the near future.

Of course that depends on if you think the housing bubble has completely burst and housing related stocks will bottom out. XHB is sitting on crucial support @ 14.00

Thinking of flipping $8-$10 here....

stock is still barely hanging on. I don't know how much longer it can hold off the bears though....

Anyone still has any interest in this stock? It might actually be a good buy in a few days.

The Great Pule Homes just took off like a rocket......

I wonder why it did......

What was that High there of 2010 ?........*OEX tomorrow*

 

 

 

OEX tomorrow :

 

 

pulte is approaching its primary trend, and is sitting on its neckline, which could be another continuation HS pattern
 

 

 

 

housing has been on a hault the recent months causing  a continuation pattern, it appears to be coming to an end though, i think a good entry would be around here, its possible that it could break below its neckline, but even then 19.50 seems like a solid buy, with possible shadows to .33, , if this happens the pattern will turn into a systemtrical triangle.

saying this  a triangle would be a perfect formation given the point where phm is on its trend, (triangles tend to happen  at the end of an uptrend)|

so it might look somthing like this

notice the volume is diminishing, and if the triangle does become true we could see 25-26 on the triangle break. :)


*if anyone else has housing under the radar i would love feed back to clash ideas off of :)