$LEN Bullish Descending Megaphone

١٣ سبتمبر ٢٠٢٠LEN 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 80c

١٤ سبتمبر ٢٠٢٠

تعليق

This is hitting my target in pre. Staying long XHB in general - Z continues to be a favorite and is trading with the sector.