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JeremyTee_ws

Lowes Companies, inc - VCP pattern with safe entry point

Long
Lowe's Companies, Inc. (NYSE:LOW)  
JeremyTee_ws  
NYSE:LOW   Lowe's Companies, Inc.
Chart Patterns
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chartpattern
LOW, forming a very typical VCP chart pattern now expecting to form the last contraction pattern (C3), hopefully. But either another C4 or C5, now is still a very safe entry point, where the price is standing above EMA200, or $200 price level.
If we set $194 as stop loss, we are still within 5% risk to 25% reward (Target price $250).

Isn't it a nice deal?

Please feel free to express your ideas and thoughts in the comment section. Cheer!
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