MTH (Meritage Homes) – Position Trade SetupMeritage Homes CorporationBATS:MTHmarjaku📈 Symbol: MTH (Meritage Homes) 📊 Timeframe: Daily Chart 📍 Strategy: Position Trade (Weeks to Months) 🎯 Trade Setup Entry Zone: $74.00 (Current breakout level / near SMA 20) Stop-Loss (SL): $65.74 (Below key support & SMA 50) Take-Profit (TP): $92.70 (ATH Resistance & +25% upside) Risk-Reward Ratio: 1:2.5 📊 Technical Analysis ✅ Trend: Strong uptrend (Higher highs & higher lows). ✅ Moving Averages: SMA 20 > SMA 50 (Bullish alignment). ✅ RSI (14): ~65 (Healthy momentum, no overbought signal). ✅ MACD: Bullish crossover & histogram expanding. ✅ Volume: Rising on upward moves (Confirms buying interest). Key Levels: Support: $70 (SMA 20), $65.74 (Strong Swing Low). Resistance: $78 (Recent High), $92.70 (All-Time High Target). 💰 Fundamental Backing Strong Financials: Low debt (Score 10), undervalued P/E & P/S ratios. Revenue Growth: Steady performance in housing sector. Institutional Interest: Increasing accumulation. ⚡ Trade Execution Plan 1️⃣ Entry: $74.00 (Break of consolidation). 2️⃣ Stop-Loss: $65.74 (Protects against trend reversal). 3️⃣ Take-Profit: $92.70 (Scale out partials at $78 and $85). 4️⃣ Trailing Stop: Adjust SL to breakeven at $78. 📌 Why MTH? Strong sector outlook (Housing demand remains high). Technically & fundamentally aligned for a multi-week rally. Clear risk management with 1:2.5 RR. 🎯 Verdict: BUY MTH at $74, SL $65.74, TP $92.70. 🔔 Follow for more trade ideas! 👍 Like & Comment if you agree! #TradingView #Stocks #MTH #PositionTrading #RealEstate #SwingTrading (Disclaimer: Not financial advice. Do your own research.)