little inverse head and shoulders continuation pattern right under ATHs. Strong industry and looks like Lennar is looking for more upside into ATHs. One to watch this week.
Would like to see few more days of sideway movement before the start of the next run higher.
Lennar Corp Cl A (LEN)- BUILDS SINGLE-FAMILY ATTACHED AND DETACHED HOMES IN 19 STATES AND...
LEN looking for a beat this upcoming call to confirm it's current overhead price targets.
With price targets as high as $112, I see $99-$101 short term due to lower equilibrium needed.
I see $104-$106 as a mid-term goal, to then check back into most recent broken channel as new support channel.
The PEAD projected a slight bullish outlook for $LEN after a positive under reaction following its earnings release placing the stock in Drift A
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Closed rejecting TL. And if you zoom out there is a big cup & handle with a false breakout to the downside of the cup. And currently retesting at the same time as this h&s retest the cup we shooting to the moon on lennar. I think. Comment, like, etc.
