PHM - Pulte Homes Inc. - Page 3
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
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 :)