Holding for a year and still looks good. But is it time bail?

10 de jan. de 2020

I'm pretty new to analysis but I have been watching this for about a year now. Using a Fibonacci retracement pattern, I came up with this chart back in December of 2018 when it hit the bottom. Based on the fib pattern, it should have reached up to $55, which it did. So, it has held true for over 12-months now. Actually, that pattern was perfectly dead on, as you can see from the chart. I bought at $30 and again at about $40. I wish I had bought much more.

So now I am trying to decide if I should hold, sale, or buy more. Based on a shorter fib pattern, it should return to $55 to $56 again since it didn't drop below $51.62. I feel safe to hold and watch to see if any of these fib zones are broken, which should indicate the need to sell.

Just curious what others think since I am pretty new to this.

17 de jan. de 2020

Nota

Just read an article online that said that new home construction surged in December to highest level in 13 years, along with falling mortgage rates and a strong labor market, and historically low unemployment, all of which helped lift housing.

So it sounds like now is not the time to sell.

6 de fev. de 2020

Nota

Still going strong. Drop over the past few days is pointing to a fib of about $65. So I will continue to hold.