On the 4 hour scale and below you really start to see the breakdown on thee LGIH chart. indicators turning negative, except for OBV. OBV has turned neutral. The price action has formed both a rounded top and a H&S. I expect this stock to begin the process of a trend reversal in the short term. If this stock continues to see downside over the coming weeks, it would begin to show in the higher time frame charts.
Daily
looks like the stock is rolling over. price action rolling. macd, and stoch RSI rolling over. OBV still looks ok
Weekly
MACD cross, otherwise all other indicators look ok.
Monthly
no major trend change yet
Daily
looks like the stock is rolling over. price action rolling. macd, and stoch RSI rolling over. OBV still looks ok
Weekly
MACD cross, otherwise all other indicators look ok.
Monthly
no major trend change yet
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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.