New Trade: MDC & MTDR update
I’ve been wanting to add some more homie exposure for some time. My only position currently in the group is KBH buy order here. Today I’m adding MDC which looks to just be breaking a longer term downtrend. What I like about this chart is the clear pivot stop area and how the MAs are all in proper alignment. I’ve noticed that the problem trades of late are coming from deviations in perfect setups when in reality there are so many good setups to choose from I do not need to try and ‘hope’ a chart improves.
Also, as a side note and chart at the bottom. MTDR is finally breaking out here.
Entry MDC: $27.99
Click to enlarge
Bonus: MTDR chart breaking now. Long for some time now.