LEN ascending triangle setup under ATH resistance level 80With Homebuilding hot and LEN setting up with a beautiful ascending triangle under ATH resistance level, I'm anticipating a breakout to new highs. Longby Walburn1
LEN on watchLike it long in and above box to targets. Below box I wait for another setup.Longby WadeYendallUpdated 113
Waiting for LEN to break Daily R 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. by mohamed.tharwat.elsherief0
$LEN Bullish Descending Megaphone$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 stay long LEN & homebuilders in general through earnings but will take some profits at first target. $XHB on the whole looks decent Component $DHI looks good $TOL broke out & looks fantastic BTO $LEN 9/18 $80cLongby UnknownUnicorn7308096Updated 222
$LEN Lennar Corp Long into Earnings 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 Longby Bullishcharts1120
V bottom RISING wedge Earnings 9-14Long 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 by lauralea3
LEN continuing channel and bouncing up for continuationWe've seen $LEN trading in a channel for a month or more now, here it is hitting the bottom once again, and we like it to bounce off. This also coincides with the end of a correctional wave we see, which is ending at very technical levels around the 0.5 mark on fib. retracement. We like the next wave to begin here now, cutting losses if it breaks outside of the channel by too much. Indicators moving quickly towards oversold, in the past with this stock, that has been a trustworthy tool to indicate a upcoming bounce.Longby notilttrading0
C&HEarnings Sept 14th This stock has moved slower than I thought it would but has been slowly but surely rising. Possible T2. 107 129 140 NV high Not a recommendationLongby lauralea0
Cup and HandleBreaking out stop under handle low earnings in September Targets 2 are possible after target 1 is hit, but as a rule the stock pulls back after hitting target 1. Some may sell at target 1 then wait for a pull back and repurchase. Safest thing to do in a market with volatility such as this one, is to Sell at Target 1. My opion only and we all have one (o:Longby lauralea4
LEN 72 LEN call PT is 72. I have a call for 69 out on the 24th. Was a beauty. Broke out but again the news kinda ruined the run. Didn’t sell. Theta wont ruin it. Held that 62 support very nicely so that’s good. Will monitor throughout the rest of the week. Was going off the double bottom to bull flag. Will alert if losses need to be cut. by tunripboyo6
C & HI like this stock but we all have different likes and dislikes Break out would be over prior high and stop is set below handle low or below mid cup depending on tolerance LEN beat earnings on 6-15, but did not break out. I am watching this one and do not like the unfilled gap below price. Short percent is reasonable Triangle with strong R at 66 Be safe! Longby lauralea3
LEN 72$LEN. Looking at homebuilding and as of right now this has the best turn out. Looking like a cup and handle on the FIB. bounce at the 0 line so waiting for it to rip to 72. Price target is 72 lol. Will buy on a pullback by tunripboyo1
LENNAR CORP is to BUYHey guys, LENNAR CORP is on strong trend support, an attempt by aborted sellers with a large purchase volume. it is plausible that we break the stabilization zone, look for the highest ones and then retreat. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd3
Has Lennar Laid the Foundation for a Breakout?Homebuilders have emerged as one of the standout industries in the post-Covid world. Plenty of technology names, like Zoom Video Communications , benefited from lockdowns. But it’s also boosted housing in a few ways. First, surveys show millennials finally want to buy single-family suburban homes. Second, interest rates are low. Third, credit-card spending data has shown DIY chains like Home Depot and Lowe’s thriving as most traditional retailers struggle. Lennar is the No. 2 homebuilder by market cap (behind D.R. Horton ), and the most active in terms of average daily options volume. The company’s earnings and revenue both beat estimates last week. Perhaps more importantly, management had the confidence to reinstitute guidance. That prompted several analysts to raise their price targets. LEN is in an interesting place technically after rallying sharply between mid-March and mid-May. It’s been consolidating above its 200-day simple moving average (SMA) and today is trying to make a higher low along a trendline starting in early April. Meanwhile resistance has remained around $65.50, resulting in a bullish ascending triangle. LEN’s 50-day SMA is also moving up toward its 200-day SMA. That creates the potential for a “Golden Cross” within the next 10 sessions. It also had a bullish outside candle on the weekly chart (not shown) last week – a potential sign of “animal spirits in the house.” It’s usually a good idea to wait for breakouts, but the fundamental argument for homebuilders is strong. Traders may want to enter with last week’s low as risk management and consider adding on a breakout through resistance.Editors' picksLongby TradeStation2218