BZH - Recovery IdeaPrice is within a down channel but is trying to move to the upside
IF an upside break occurs a buy is in order as price may like to recovery to where the prior drop occurred
This is another symmetry post
Potential bullishness
BZH
BZH Lower We will get a slew of housing data next week which will send shock waves throughout the housing market. I believe we get very weak housing starts and home sales numbers. My pessimistic belief for this data is derived from the fact that interest rates are at 3 year highs. Interest rates have a big impact on financing costs for homes, when financing costs rise home prices and new builds tend to fall.
BZH potential rebound from current priceBZH is on weekly support that potentially bounce up from current price. Take profit on about 25% gain. Keep in mind to have cut loss level.
rising channel on daily, bullish homebuilder sectorThe homebuilder sector etf was up .75% on friday, despite rest of market being red. BZH has rising channel on daily, resistance would be $14.44 in this channel. Over 4000 $14 calls sitting in OI for 10/16. Fibonacci .618 is $15.4. Everything is dependant on Trumps health. Happy trading
$BZH IdeaLooking for up trend within the channel. If it breaks to lower support might be good opportunity to double down. Always take an options position for put to protect yourself from downward movement.
BZH RSI Divergence ShortBZH price action is hovering below the 200sma as we enter 2017. Prices have already completed a 2 leg measured move to $15 and retraced to the 34EMA. A 3rd leg has formed and offers a possible RSI divergence trade near the 200sma level. The confluence of 2 levels, along with the 3 push wedge pattern is strong. Set an alert @ $15.50 and watch.
AVHI: Good valuation and potential weekly uptrend continuationAVHI has a very interesting chart, here, and valuation is very good. We can look to establish a position here, aiming for a resumption of the weekly uptrend within 2-3 weeks.
Entering at market open, risking 0.5% on a decline to 14.37 is a great longer term entry in this stock.
Once we have some progress we can look into trailing stops and adding to the position gradually.
This is a good chance to gain exposure to the sector, so don't miss it.
Good luck,
Ivan Labrie.
