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CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs and spread bets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Asset Watch
Monday June 27, 2022, 14:00pm GMT
Source: TradingView
When Lennar’s daily RSI drops below 30, short-term rallies tend to follow. That said, at the end of the Jun. 21 session, Lennar finished at $65.65, which is near support from the May and June 2020 highs and the early February 2020 lows.
A backtest of the breakdown below $70.71 could materialise if sentiment shifts in Lennar’s favour. For context, the level coincides with the May 2022 lows, the January 2021 lows, the October, November and December 2020 lows, and the February 2020 highs. While it’s a key level of resistance, it also represents a 7.7% upside from the Jun. 21 close.
So will Lennar build on the momentum of Q2, or is its foundation on shaky ground?
Source: https://investors.lennar.com/press-releases/2022/06-21-2022-110141347
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CFDs and Spreadbets are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of Retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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