PHM UPDATED CHART - What's NEXT?

30 Agu

What's next?
I'm not certain, but it looks like price can hold this key zone and use the rejection trends to bounce upwards to the 184 target (which is adjusted upward from 170).
RSI on the weekly is somewhat gapped, but bullish.
RSI on the daily is bullish.
RSI on the 4, 2 and 1 are near bottoms, so it's not a bad guess to say, maybe with all these indicators resetting and as we are nearing a strong support trend and strong horizontal support line, we might see a bounce.

good luck phm dudes.
also, bbbyq, gme and a whole bunch of other fun coming up.

22 Sep

Catatan

potential to keep riding these trends to higher price targets but be careful at these levels after a nice move to the upside.

28 Sep

Catatan

Better look at where the current price is starting to funnel into, where it can go and how the indicators can reset and allow for another move to the upside. It's either that or a BIG drop is incoming, which is going to be followed by a pretty sizeable move to the upside.

Good luck!!

12 Okt

Catatan

I love the stock, not sure I'm a buyer at this current price point per chart.

21 Okt

Catatan

big spot for price action.
underside of bullish trend
and topside of rejection trends.

22 Okt

Catatan

Looks like we got a rejection from the trend, remember, we're currently falling into support. How many layers of support before we stop is the real question.
I'd probably stay away from earnings if you're a long term investor however it's important to stick with your strategy.
The long term price targets are still the same, which means, as a long term investor, a little patience will either see your current holdings go up, and if the stock goes down, you'll have enough to buy the dip on a longer term investment. Either way, you can win, unless you buy a bunch at a high price and it tanks and then you're stuck in a cycle.
103 and 84 were numbers I've marked in the past, which are more than reasonable to see.
The biggest drop took price down to $74 I think, which again, if you're long term this is a good thing.

Good luck everyone!!
For those that like earnings trades. Depending on the day, I'd probably buy the dip, but I'd really be cautious. I'd also be fully willing to cancel the trade should things change meaning flexibility into earnings is important.
However, if we say and have been saying the overall projection is bullish, and we also say that we are falling to support, then we can say there is a real chance that if we're at all these key zones and price has dropped, then we can say there is a better than avg chance that we guess the right price and direction. If say stock rebounded to 144 pre earnings and things were overvalued and indicators weren't looking right (things change fast), then we can say, it's not favorable for our plan per this stock and I'm more likely to lose on any trade. You might win, it's not impossible, but again, favorable outcomes aren't always the case with earnings and you'd say, I'd rather miss out on profits than make a trade that isn't favorable to my desired strategy/style/risk.