With Homebuilding hot and LEN setting up with a beautiful ascending triangle under ATH resistance level, I'm anticipating a breakout to new highs.
Like it long in and above box to targets. Below box I wait for another setup.
LEN has broken a strong weekly Resistance and has retested it as well. In Daily/H3 TF, there is a consolidation and if resistance is broken, then we can see more bullishness.
$LEN Bullish Descending Megaphone $LEN has formed a beautiful descending broadening wedge or descending megaphone into its earnings report Monday after close. This pattern retested previous highs and bounced, showing support on a perfect retest of $71.30. First target is previous highs around $79.50 which I am looking for Monday into Earnings. I am looking to...
Lennar is Bullish coming into earnings. Stock has back-tested the breakout level as support and bounced on high volume. 20ma is also now support. Longs into earnings have defined risk at $71.00 Possible upside targets $85-$88
Long after descent from rising wedge complete Earnings 9-14 amc NV is high. Strong stock and have noticed a strong stock does not usually fall too far. A lot of stocks have been in this bearish rising wedge and it appears they are just now paying the price I do not like rising wedges and am leery of trading a stock that is in one Not a recommendation
We've seen $LEN trading in a channel for a month or more now, here it is hitting the bottom once again, and we like it to bounce off. This also coincides with the end of a correctional wave we see, which is ending at very technical levels around the 0.5 mark on fib. retracement. We like the next wave to begin here now, cutting losses if it breaks outside of the...
Breaking out stop under handle low earnings in September Targets 2 are possible after target 1 is hit, but as a rule the stock pulls back after hitting target 1. Some may sell at target 1 then wait for a pull back and repurchase. Safest thing to do in a market with volatility such as this one, is to Sell at Target 1. My opion only and we all have one (o:
LEN call PT is 72. I have a call for 69 out on the 24th. Was a beauty. Broke out but again the news kinda ruined the run. Didn’t sell. Theta wont ruin it. Held that 62 support very nicely so that’s good. Will monitor throughout the rest of the week. Was going off the double bottom to bull flag. Will alert if losses need to be cut.