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

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.

Bình luận:

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.

Bình luận:

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