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Lennar Corp /Len - US/ - Probably ascending movement

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Lennar Corp /Len - US/

Long-term uptrend and short-term correction to levels of support

On Daily the price reverses from diagonal support and EMA200

Usually a breakthrough of EMA200 is a trend reversal signal, but also an entry around the EMA200 in direction of the trend gives good opportunities for profit

The Daily bar on 23.09 closed at levels, which are not good for entry, because the stop is too far

Correction to the the base of the bearish bar will give a good opportunity for buy with stop a little bit below 38.2 Fibo and the horizontal support /$47.75/

Jr.Trader.V.Lazarov


 Varchev Traders
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