Back in May 2018 LOW started an inverted wedge including a partial rise and failed to break down in Aug 2019, and reversing course to flip the wedge upside down for a possible breakout above (imminent). RSI, MACD, ADX and PSAR are all bullish. The only thorn in my eye is marked 'X' at the beginning of September this year, there are no solid 'weekly' candles...
I've been watching Lowe's since early Feb and I think there is potential for a big move leading up too/after the ER on March 1st. It's been running in the green for ~8 days and the RSI indicates it's oversold. It's currently hanging out on the 0.628 Fib lvl, could see it gap up to 0.786 or 1.0 Fib lvls (~$111 and ~$117) The support levels are at 0.5 and...
Lowes got way, way ahead of itself during the lofty valuation period of January this year. Now that it's fallen under the lowest part of the long, historical trend, it's an easy pickup as it can move up and back over its trend lines. $86.38 is a technical, average line that helps to identify point of accumulation, but only for the short sighted understanding of...
Lets see how's these candles paint!
Just diving deeper in to the charts to see whats going on in lowes land! Looks like we our picking up the 200ema. We should be back on track shortly. NYSE:LOW
Looks like it should obey trend line structure and go long. Hoping to hit $90+ by years end! Now looks like the time to buy while its at the trend line. I don't think we should really worry about the elephant in the room (AMAZON) yet, but definitely something to watch.
Lowe's is setting up to repeat previous large declines after its most recent earnings call. The stock has been in a bullish trend since 2015. The stock has cycled in tight channels up and down throughout this bullish run. Currently Lowe's just repeated movement that has resulted in a two quick 13% drops. Near-term downward movement is outlined below. When we take...
68 Seemed a fair market price for Lowes - Looking to potentially enter LT long on this dividend payer if we see a 8th test of the consolidation box. Notice the triangle test along the 7th hit of the consolidation box - strong moves tend to come after years of consolidation and Lowes price could be setting up to make the top of the triangle broadening formation support.