Bullish on LEN for short-term swing trade targeting $88; bearish long-term due to housing market downside risks.

Take a look at LAR. This one I am bullish on Lenar guys. Lenar my thesis is this is that Fed raises rates start falling a little bit and the housing stocks get a little bit of an uptick.

Now again I'm not long-term bullish on LAR because I still think the housing market has a lot of downside. But for a short-term swing trade I actually like LAR here.

Look at the trend line. So I always like to coordinate my macro thesis with technical analysis. Look at this trend line. Look at this high pivot here from 2023. We gapped above it.

So that's another river theory example. Classic river theory example. We then retrace, hit, bounced, hit, bounced, hit, bounced, hit, bounce, hit, bounce. We just hit it again right here.

We should get a bounce up. I'd be looking for a move potentially kind of to the parallel of this. Look at how these two lines are parallel. So, I'd be looking for a move up to about $88 as a swing trade long on LAR over the next few weeks.