Lennar CorporationShort
LEN movements
Possible triangle with some sideways movement back from Feb-Mar 2018 (Black dash). Trend line from July of this year (blue line).
Daily- RSI Overbought, Stoch Overbought, Nice Volume the last 2 days from good earnings, candle closed outside of BB.
4 HR- RSI Overbought, Stoch Overbought and looking like a potential crossover coming, Last 4 hrs of trading was about on par with higher levels of trades over the last few weeks... Nothing special. Candle closed as a positive doji outside of the BB.
1 HR- RSI dropping from overbought, Stoch Overbought with a crossover looking imminent, MACD weakening and looking to go south barring "news".
Possible for a little more room to the upside during risk free friday. Today's tail topping right at the top of the possible triangle.
This is not advice.
Daily- RSI Overbought, Stoch Overbought, Nice Volume the last 2 days from good earnings, candle closed outside of BB.
4 HR- RSI Overbought, Stoch Overbought and looking like a potential crossover coming, Last 4 hrs of trading was about on par with higher levels of trades over the last few weeks... Nothing special. Candle closed as a positive doji outside of the BB.
1 HR- RSI dropping from overbought, Stoch Overbought with a crossover looking imminent, MACD weakening and looking to go south barring "news".
Possible for a little more room to the upside during risk free friday. Today's tail topping right at the top of the possible triangle.
This is not advice.
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