Entry point for DHI?I am certainly no expert and I would like others opinions on this one, as no ideas have been published on DHI for awhile.
Looking at the 1hr chart, it looks we are at a solid entry point on DHI. We are seeing a nice breakout from the trend over the last 30-days.
Based on the history this year, I would expect it to bounce from either the $158 low yesterday, or possibly fall a little more to $154 on Monday or Tuesday before reversing. There's solid support from Jan 18th and May 15th at $158. We have already seen this same pattern twice this year, and in those cases it dropped a little more before reversing. So, $154 seems reasonable. I am just waiting on confirmation before entering.
I suspect this will hit near or above $200 in the next two to three weeks, a 25% increase.
