pool adsHow to Develop Trading Plans for Dr Horton $DHI and other Stocks
According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in Dr Horton (NYSE: DHI) to foretell upcoming changes. A current example is provided below. There are trading plans for DHI, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Strong |
| P1 | 0 | 0 | 74.85 |
| P2 | 74.90 | 74.95 | 83.78 |
| P3 | 77.69 | 78.10 | 92.35 |
Support and Resistance Plot Chart for DHI
Long Term Trading Plans for DHI
March 6, 2021, 11:00 pm ET
The Technical Summary and Trading Plans for DHI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DHI Report.
DHI - (Long) Support Plan
The technical summary data tells us to buy DHI near 74.85 with an upside target of 83.78. This data also tells us to set a stop loss @ 74.63 to protect against excessive loss in case the stock begins to move against the trade. 74.85 is the first level of support below 79.01 , and by rule, any test of support is a buy signal. In this case, support 74.85 would be being tested, so a buy signal would exist.
DHI - (Short) Resistance Plan
The technical summary data is suggesting a short of DHI as it gets near 83.78 with a downside target of 74.85. We should have a stop loss in place at 84.02though. 83.78 is the first level of resistance above 79.01, and by rule, any test of resistance is a short signal. In this case, if resistance 83.78 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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