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Yuriy_Bishko
Nov 28, 2019 9:34 AM

LOW (LOWES COMPANIES INC) is above the Resistance Zone! Long

Lowe's Companies, Inc.NYSE

Description

The price broke out the Support/Resistance Zone and can continue rising.
Potential profit will be in 3...5 times bigger than risk.

Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
Comments
Yuriy_Bishko
Write your comments and questions...
Also, you can share your ideas here!
EmiliaLongbow
given that such trade implies an overnight position, you might end up with the stock suddenly opening with a massive gap down, way below your stop, with you being dragged even further below, with your broker trying to cover you with the market order, which would be competing for the scarce bids with the other unlucky bunch.

Good idea overall, but better played out with call options. At least your risk is known beforehand and is limited.
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