MTH (Meritage Homes) – Position Trade Setup

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MTH (Meritage Homes) – Position Trade SetupMeritage Homes CorporationBATS:MTHmarjakuπŸ“ˆ Symbol: MTH (Meritage Homes) πŸ“Š Timeframe: Daily Chart πŸ“ 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 πŸ“Š Technical Analysis βœ… Trend: Strong uptrend (Higher highs & higher lows). βœ… Moving Averages: SMA 20 > SMA 50 (Bullish alignment). βœ… RSI (14): ~65 (Healthy momentum, no overbought signal). βœ… MACD: Bullish crossover & histogram expanding. βœ… 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). πŸ’° 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. πŸ“Œ 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. πŸ”” Follow for more trade ideas! πŸ‘ Like & Comment if you agree! #TradingView #Stocks #MTH #PositionTrading #RealEstate #SwingTrading (Disclaimer: Not financial advice. Do your own research.)