Nice tradeable range going into earnings, looks to be starting a swing up.
High volume selling after earnings (2 black gap candle formation) pushed LOW down to $92 for a brief test. Since then it has been consolidating slightly above. I think it could retest $92 for a possible double-bottom, or worse, break-down to new recent lows possibly around $86-87. I have a tight stop of $98 as it has already consolidated a bit here. Depending...
Short LOW - Earnings Miss Estimates. Building/retail market sensitive to economic conditions. Futures pointing downward today. MACD crossed.
Dependant on your perspective the chart of NYSE:LOW could be interpreted as bullish or bearish. Many of the indicators are positive but that may be offset by market sentiment in the retail sector. Home depot reported today and it was not exactly a blowout quarter, with as expected weather issues interfering with sales. Lumber prices were also an issue and that...
An intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
$LOW Nearing Breakout to new ATH SL: $111.50 Near term target: $125.00 by early May Note: Informational, not investment advice.
LOW is approaching a resistance at the $117 range and may proceed to take a tumble to the $101 support line if it continues this pattern. Would not recommend getting in yet because it has $2 more to move up but still is something to keep and eye on.
Monthly chart interesting long term 12-24month horizon $XHB $XRT
homebuilder index struggling, watching for a breakdown here. $XHB
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...
Had a friend ask for some help getting started, just my analysis on LOWES weekly chart
Weekly showing plenty of bearish divergences Chart used for historical reference.
We had OCT 115 PUTS that be bought around 2.00. Expect lower.