LENLennar CorporationBATS:LENIbrahimTarekTechnical Analysis – LEN (Lennar Corp.) Current Price Action: The stock is trading at $137.27, showing a recovery after a strong bounce from the uptrend line. Price is now facing a supply zone around $137–$150, which may act as near-term resistance. Major Trend: The chart shows a long-term uptrend (black trendline), intact since 2020. Each correction has respected this trendline, confirming bullish market structure. Support Levels: First key support: $124.38 – aligns with the horizontal demand zone. Major trendline support: currently rising around $120. Critical support / Stop loss: $97.28. A close below this level would break the long-term bullish structure. Resistance & Supply Zone: The current supply zone between $137–$150 is the first strong resistance. Price may consolidate or pull back before attempting a breakout. Clearing this supply zone would open the way toward the previous high ($191.86). Target Levels: Short-term target: Retest of $150 (upper bound of supply zone). Mid-term target: $191.86 (previous high). If price sustains above $192, Lennar could make new all-time highs. Trading Outlook: Best strategy is to wait for a correction toward $124–$120 (near the uptrend line) for optimal entry. Entering directly at $137 carries higher risk due to supply zone pressure. Keep stop-loss at $97 to protect from downside risk. Conclusion Lennar (LEN) is in a major long-term uptrend. Current price is inside a supply zone ($137–$150), so the risk of a pullback is high. The best entry opportunity is on a correction toward $124–$120 near the uptrend line, with a target of $191+. Long-term bullish structure remains valid as long as the stock holds above $97.