Jan. 14 at 1:12 AM
$BLDR is looking to test that psychological
$130 level sooner rather than later. 🏗️
The chart is screaming strength after a massive 12% gap-up and a successful hold above the
$124 volume shelf. With the 20DMA now crossing above the 50DMA on the daily, the path of least resistance remains higher as long as the housing narrative stays hot.
Key Levels to Confirm:
🐂 Bulls: Need a clean 4h hold above
$125.41 (recent high) to fuel the run toward the
$130.19 analyst target. 🐻 Bears: A failure to hold
$122.31 would signal a likely retest of the gap-fill at
$120.00.
#hovdid
