This company is garbage and has been riding the covid train too long with inflated earnings reports.
This upcoming earnings will show reality and will be priced way before!
Quick read, for once.
Lowe's is down 7% following ER. Another ER dump. This is really notable for a few reasons:
1. Big moves on the first of the month always make me think reversals
2. Lowe's isn't really bearish on monthly or weekly bars
3. The real short setup for economic disaster is in the $240 range
4. Dump swept out weekly/monthly/daily sellside pivots
5....
Earnings watch today, Wednesday 3/1/2023. Here's a 4hr ext chart comparison, with the tickerTracker MFI Oscillator set to 20, color coordinated with these 11 tickers.
LOW
ANF
SPLK
WEN
CRM
SNOW
PLUG
DLTR
KSS
NIO
CANO
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?...
Home Improvement Retail to get slaughtered in 2023.
I see a big bear flag that has been building on Lowe's here.
When recession hits peoples' wallets, there will be no interest to improve their homes.
Inventory will be piling up in $HD and $LOW and we'll see stock prices to fall back to pre-pandemic levels.
The PEAD projected a Bullish outlook for $CAT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
With Q3 earnings season approaching investors must take in mind what the Federal Reserve has signaled with their forecast. Jerome Powell mentioned companies with high debt will feel the most pain as he continues to stay aggressive on rates until we bring inflation down. $LOW (Lowes) is a company that supplies good for home builds and is currently sitting on large...
It is time to put LOW and HD on your radar for two reasons. One I like how the technical complex looks and the other is the fact a major hurricane is going to rip into Tampa, FL (where I'm at), or somewhere into the U.S.
In that same breadth it is imperative that we keep an eye on the Oil Stocks such as OXY and XOM, of which, I will be looking at and posting...
The ugly top has been forming for quite some time.
Also called a complicated head and shoulders as there are more than 2 shoulders.
Short entry would be a break of the neckline which is strong support, with a confirmed downtrend.
Also looks like a Bearish Cypher and the 4th leg may have finished at the .786.
Valley 2 (V2) is lower than V1.
No...
The PEAD projected a Bullish outlook for $LOW after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 77.78%.
Overbought with RSI set on 70. Not quite overbought with RSI set on 80.
Price is over the top band set on an 80 DMA which is also an overbought signal. Price can remain overbought for extended periods of time.
Earnings beat.
Possible Cypher or a Shark that is known to reverse at the end of the final or 4th leg.
No recommendation.
A lot of green equals a lot...
Lowe's, Home Depot, Restoration Hardware and this sector are overbought and ultimately going lower as we haven't seen the ramifications of higher interest rates, slowing economy, layoffs and everything else that comes with a severe recession. Bear market rallies are not to be bought! LOW is overbought on several time frame charts and indicators. Purchased 25...
The PEAD projected a Bullish outlook for $LOW after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
After the housing market is starting to see the impact of higher mortgage rates, LOW`s earnings beat and revenue which fell short of expectations aren`t enough to keep the stock price up.
I expect a retracement to the pre-pandemic level of $129 by the end of this year.
Looking forward to read your opinion about it.
NYSE:LOW
Currently have been following this ticker for a moment. Do as you wish with this charting. Please hit the follow and like button if you enjoy my content thanks!
LOW (Lowes) stock price has double-bottomed above $200 trendline & horizontal support.
Entry: $204.12
Profit Target +6% (exit): $216.43
Stop Loss -3% (exit): $197.92
Utilize stop loss, profit targets, position sizing, and risk management.
Note: Many stocks and ETFs have already rallied up for the past two weeks, which makes this stock a potential laggard...
