$L Loews with nice VCP breakout
Loews weekly chart appears to be breaking out of a volatility contraction pattern , with price coming out of a nice rounded base and aiming for next leg up.
I am long shares at $63 and will add as this grinds higher, trade invalidated and stop loss at -8% or $58.05
First price target $66
I am long shares at $63 and will add as this grinds higher, trade invalidated and stop loss at -8% or $58.05
First price target $66
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.