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TriumphOne
Aug 8, 2023 7:01 PM

LOW to 250 Long

Lowe's Companies, Inc.NYSE

Description

After hitting a LOW in June 2022, the stock broke out in June this year. It appears to be retracing or possibly filling a gap at 204.74. I’m watching this zone for a potential rebound, with two gaps above as profit targets. A break above this year’s high at 230.721 could lead to a target of 250 by year-end. However, if support gives way, marked by an upward trendline from May 2022, the stock might head towards a gap fill at 191.94.
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