LOW - Upward channel breakdown short if weakness after earnings
LOW seems running within a wide upward channel, and at this time coming down from Upper channel line. We have earnings for it tomorrow, so we would like to see how it reacts. However if it shows weakness after earnings, we will consider for a short entry.
* Trade Criteria *
Date First Found- May 23, 2017
Pattern/Why- Upward channel formation with Earnings ahead.
Entry Target Criteria- show weakness after Gapping up to $86.00 or $83.23, or Break of $81.87
Exit Target Criteria- $68.16
Stop Loss Criteria- $87.26
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- May 23, 2017
Pattern/Why- Upward channel formation with Earnings ahead.
Entry Target Criteria- show weakness after Gapping up to $86.00 or $83.23, or Break of $81.87
Exit Target Criteria- $68.16
Stop Loss Criteria- $87.26
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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