NMIH weekly breakout is valid (ADX > 25, volume); attractive entry if it retests breakout level and forms higher low.
Bullish
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StockCharts TVPublished Aug 26 · 1 passage
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Um look at NMIH. So, this is a um mortgage finance company, uh but you've got this weekly chart that has been going sideways and then formed this really strong breakout move and ADX is now crossed above 25 after working sideways for an extended period for for really two or three years and uh you can see the volume improvement, uh the MACD breaking out, green D I and ADX also confirming the move.
I think if we get a little test of this breakout area and form a higher low, that would look uh really attractive, definitely something to kind of keep an eye on.
Watchpoints
test of breakout area forming a higher low
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2026-08-26BullishThis one
Um look at NMIH. So, this is a um mortgage finance company, uh but you've got this weekly chart that has been going sideways and then formed this really strong breakout move and ADX is now crossed above 25 after working sideways for an extended period for for really two or three years and uh you can see the volume improvement, uh the MACD breaking out, green D I and ADX also confirming the move. I think if we get a little test of this breakout area and form a higher low, that would look uh really attractive, definitely something to kind of keep an eye on.