DHI is up today after housing news came out from US. There were sold 504k of nev homes compare to 442k expectatoins. Very strong upbeat. DHI was hovering around 8/21 EMA and above all key long term moving averages.
It triggered long entry when price broke and closed above $23.25 resistance one month ago.
Break above $24.80-$25 resistance area could attract more buying.
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Check my idea in the link below
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It triggered long entry when price broke and closed above $23.25 resistance one month ago.
Break above $24.80-$25 resistance area could attract more buying.
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Check my idea in the link below
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.