MTH (Meritage Homes) – Position Trade Setup

📈 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.)