JohnChartIdeas

PHM odds for long trade

Largo
NYSE:PHM   PulteGroup, Inc.
PHM odds for 10sma monthly bounce is again reason why it is on screen. After yesterday earning report and nice gap we can see 60 min consolidation. My interest is for swing trade and because of that for start I'm using stop under yesterday low, but if 60 min consolidation will continue and if we will see setup after doldrum time I will look for smaller stop. Idea is daily resistance breakup, bounce from weekly 50sma and monthly 10sma. Target for now is previous high and that is around $34-35 area.

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