NAIL a homebuilding leveraged ETF rising from support LONGNAIL on a 14 minute chart tested the support at the rising trendline confluent with the mean
anchored VWAP and has bounced and crossed over the latter. Relative strength lines are
crossing over the 50 level and the relative volume is showing a gradual rise. This is the
beginning of homebuilding season after all. Mortgage rates might be getting a cut. I will take
a long trade here expecting a swing trade for a few months. Targets are on the chart. They
are based on the resistance rising trendline as well as the upper VWAP bands.
BLDR
BLDR on a consistent trend higherBLDR is part of the construction industry and has had consistent gains over YTD in the range
of 95 % with favorable beats on earnings estimates and increases in revenue. Volume has been
rising in the past month. In the past when BLDR pulled back to the blue SMA100 line it then
reversed quite well and resumed its move higher. At present, BLDR is on a pullback which
provides an opportunity for a long entry at the current price where the SMA20 SMA50 and SMA
100 are converged. I will take a long trade here as I see BLDR to be consistent in its move
up and setup for entry with a pullback.
2/21/22 BLDRBuilders FirstSource, Inc. ( NYSE:BLDR )
Sector: Producer Manufacturing (Building Products)
Market Capitalization: $13.734B
Current Price: $71.72
Breakdown price: $67.00
Sell Zone (Top/Bottom Range): $68.50-$73.00
Price Target: $64.20-63.00 (2nd), $56.00-$54.40 (3rd)
Estimated Duration to Target: 27-29d (2nd), 60-63d (3rd)
Contract of Interest: $BLDR 3/18/22 70p, 5/20/22 70p
Trade price as of publish date: $3.40/contract, $6.30/contract
11/7/21 BLDRBuilders FirstSource, Inc. ( NYSE:BLDR )
Sector: Producer Manufacturing (Building Products)
Current Price: $67.28
Breakout price trigger: $63.00 (hold above)
Buy Zone (Top/Bottom Range): $64.75-$59.20
Price Target: $78.00-$80.00 (1st)
Estimated Duration to Target: 67-70d (1st)
Contract of Interest: $BLDR 1/21/70 70c
Trade price as of publish date: $3.20/contract
$Bldr, Real time high probability trade for swing trading$Bldr, This stock is fundamentally strong and by volume we can see that there is interest form big players in the stock. Stock is trading at it's all time high and only potential we see in this stock is that the stock should rally up in price, worth putting this stock in your watchlist. Volume need to be highly considered as we enter the at any certain point we need to see relative volume to the price at execution (Volume Explains Demand). this stock can be traded in the daily, hourly
chart or any intraday time frames according to your trading style. also this stock can be traded at any potential price structure depending on the time frame.
Tips :
*Make use of exponential moving average of 5 & 10 period in the daily
*Add relative Strength (Benchmark S&P500)
*highly recommended for swing trading
$BLDR Channel rideBLDR has been riding this upwards channel for some time now. Within the last week, we've now jumped into our pre-covid channel as well. I believe a short pullback to 28.50 would be healthy before a breakthrough to ATH.
Ascending Triangle spotted on BLDRHere I am identifying a pretty clean ascending triangle pattern on the weekly timeframe. This pattern usually continues upward about 70% of the time. I have an idea to buy some shares around 25.5 with a target exit of around 27. Stop loss would be 25.0.
BLDR - Upward channel breakdown option play $15 Aug Puts @ $0.55BLDR was in our watch list from quite a while & now it seems getting ready for a decline. It seems breaking down from a double top formation, retested & now rolling over ahead of earnings. Moneyflow is dropped. It also has good insider selling, and weak financial ratios.
We think it has good chance of Decline with the earnings, which is after market today.
We would consider $15 August Puts, which are $0.55
* Trade Criteria *
Date first found- August 3, 2017
Pattern/Why- Upward channel formation breakdown, option play on earnings.
Entry Target Criteria- $15 August Puts, which are $0.55
Exit Target Criteria- Momentum
Please check back for Trade updates. (Note: Trade update is little delayed here.)
BLDR - Double top formation short from $15.37 to $13.57BLDR was in our watch list for last few weeks, and now it seems forming double top with moneyflow divergence. Could be breaking down here. We think it has good downside potential.
* Trade Criteria *
Date First Found- July 27, 2017
Pattern/Why- Double top formation
Entry Target Criteria- Break of $15.37
Exit Target Criteria- 1st Target $14.17, 2nd Target $13.57
Stop Loss Criteria- $16.23
Special Note- Could consider August $15 Puts which are $0.40
Please check back for Trade updates. (Note: Trade update is little delayed here.)
BLDR - Long term Upward channel breakdown short setup BLDR seems forming a H&S in short term & in long term it is running within a upward channel. It has high price/ Free cash, high Debt to Equity ratio & lots of insider selling. Overall looks a good short setup.
* Trade Criteria *
Date First Found- June 21, 2017
Pattern/Why- H&S in short term & Upward channel in weekly
Entry Target Criteria- Waiting for perfect entry
Exit Target Criteria- $11.63
Stop Loss Criteria- $15.9
Please check back for Trade updates. (Note: Trade update is little delayed here.)