Share:
PulteGroup, Inc. (NYSE: PHM), a leading homebuilder in the United States, has been at the forefront of the booming real estate market. With a strong track record and a solid reputation, PulteGroup has positioned itself as a key player in the industry. In this article, we will delve into the bullish case for PHM, exploring the Elliott Wave structure that have contributed to its success and examining the potential for further growth.
Since 2020 crash, PHM established a new strong bullish trend within wave I at 5/10/2021 peak $63 followed by wave II at 6/17/2022 low $35. up from there, the stock traded into new all time highs in April 2023. The move higher in wave III created a bullish sequence within the cycle from 2020 and consequently PHM will aim for equal legs area at $81 – $110.
The stock is trading within a wave (III) which is usually the strongest wave within a multiyear cycle and therefore it can keep extending within the current nest structure. Investors and trades will be looking for daily correction to buy the pullbacks in3 , 7 or 11 swings.
In conclusion, PulteGroup stands as a testament to its resilient performance and strong market presence. With a solid track record of success and a bullish wave structure in play, the stock has the potential for further growth and value appreciation.
Share:
Feed news
FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY
AND LIABILITY
Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk.
However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal,
analysis, or content.
Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on
the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s).
In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else.
Please understand and accept the risk involved when making any trading and/or investment decision.
UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization.
UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm
who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.
