Land and House (LH) : Wait at support nearer 4.80-4.84

LH has obviously been on the receiving end of some pretty hefty institutional selling of late, and is certainly at risk of falling below key support from about 5.10 to 5.25, with a subsequent pullback to nearer 4.80 or so. A correction to nearer 4.40 is a possibility, but for the next week or so we view 4.80-4.84 as the level to watch, because a rebound trade to 5 or so could easily transpire.

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