LOW is currently bouncing off historical support, which was historical resistance 12 month ago. With the first target at prior resistance of ~$89.35, that marks a 4% increase that we could see in the coming days. Playing this with a June 8th $85.5 Call, that can move that 4% gain into ~30% by the end of the month. $95 is our next target, +10%, but I will reassess this target based on how quickly we can get to $89.35.
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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.