Post by Admin on Apr 9, 2015 19:27:02 GMT -5
A) On April 2nd 2015 LEN made a relatively low volume push to the upside and printed a high of 53.26. This last push was the 5th of 5 up days in a row and it showed signs of exhaustion on my system.
B) On April 6th there was an early morning attempt to take it higher but the move up was quickly met by heavy selling and the buyers simply pulled back the bids. This action triggered my trade and I entered.
C) The sellers took control on April 7th again and overwhelmed the buyers. However, later in the session the selling halted and a big buyer stepped in an "bought the blood". This spooked me a bit and I exited the trade. This set of buyers maintained control on the following day and held the lows but gave up ground on the 9th.
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