The PEAD projected a Bullish outlook for $LEN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
LEN bouncing off this strong support zone, good risk reward for longs if we take entry here imo.
be careful once we get closer to trend resistance, for now my targets are 88.83-93.14
Entered short at 88 with initial stop loss @ 92.50.
Near term target of 81.50 (38.2% fib retracemnt of the major trend up from Mar 2020's covid low to it's top in Nov 2021. Should stock continues lower, then possibly next targrt @ 71 (50% fib retracement as well at pre-covid high in Feb 2020)
Disclaimer: This is just my own analysis and opinion for discussion...
NYSE:LEN broke out and retesting, any pullback towards 110$ is a buying opportunity. Targets and anticipated price action are shown on the chart, stop loss daily close below 20MA.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
I believe this can drop for the rest of December. Lennar workers are off all of December and not many people want to buy into Lennar homes but I do see value in their rentals . Sales should pick up after holidays and new year . What do you think …
Lennar Corporation is a home construction and real estate company.
Inverse H&S, above pivot and 8, 21-EMA's, RSI bullish.
Current: $103.95
Buy Between: $103.30 and $103.95
Stop: $99.80
Target: $108.50
Earnings are 9-20 After market closes.
Possible Bullish bat if price does not go much lower than the .886 fib level. A little bit is okay, but over a buck or so can turn this in to a different pattern like a double bottom etc. So if price goes much lower than 95.85, then a double bottom would be approximately 94ish, so not a huge difference.
This is a guess....
LEN was down today but I saw buying in SMAs today. Checked volume and it was up. Still closed red but has a hammer. Will be on watch tomorrow for reversal.
After a strong breakout two weeks back, LEN pulled back to support on light volume and bounced. Now let's see if it can break this short-term trendline and move back towards highs.
The PEAD projected a Bullish outlook for $LEN after a Positive under reaction following its earnings release placing the stock in drift A
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TECHNICAL ANALYSIS
EN//// Price bouncing over MA200 and on the trend line, it is also in a very strong area of support from previous prices, We have 2 Gaps above the current price for the close, We expect a recovery to $ 105
ES//// Precio rebotando sobre MA200 y en la linea de tendencia, además se encuentra en una zona muy fuerte de soporte de...
