LOWES heading LOWER?I'm very bearish on Lowes. Here's my bear case, a counter bull case, and finally how to trade it. BEAR CASE Textbook head and shoulders (source). Volume is increasing from left too right shoulders followed by a huge spike inciting the break of the neckline. This is now retesting the break of the neckline. We've also got some INSANELY negative chalkin money flow (another confirmation of weak price action) BULLCASE The H&S could be seen as weak, as we're slanting upwards from L to R (ie. higher lows). The other thing is that the recent 4hr candle has broken the right shoulder downtrend. Consumer Cyclicals are also actually heading higher, but are about to hit an overhead resistance. HOW TO TRADE IT: I'm going to enter some mid January 145ish puts with a PT of 135. My stoploss will be if I get a daily close above that purple line (which is the weekly Support/Resistance ) at 157.85. Today on Nov. 25, the Jan 15 145P traded at 2.90. If I think we're heading to 134. I think this could end up being a pretty decent 3x+ play, plus hopefully some extra theta baby! Thoughts? What do you think? by TMoneyBidness224
$LOW with a slight bearish projection following its earningsFollowing its earnings, The PEAD projected a slight bearish outlook for $LOW after a negative over reaction following its earnings release placing the stock in Drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us. Shortby EPSMomentum0
Now is time to buy!Let's get this train going! The buy indicators tell's you that it's time to hop on the train!Longby Osinkosampo0
LOW LongDemand Zone below Sideway Consolidation Entry 151 Stop 147 target1: 171; target2: 180; I am not a PRO trader. I need few months to practice trading strategies. If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate. Longby PlanTradePlanMMUpdated 1
LOW Ready For ERLOW to push higher possible with a breakout either before ER with a nice run or after ER with a good ER. Regardless we test 180 before ER.by JoeRodTrades2
LOW LONG COVID IS STILL HANGING AROUND, IN FACT SOME STATES ARE TALKING ABOUT TOTAL SHUT DOWNS. LOWES DID GREAT DURING THE PREVIOUS SHUT DOWN AND... Lowe's to Hire 20,000 Staff for Holiday Season and Pay $100 Million Bonus to Front-Line Workers Lowe's Companies (LOW) said Friday it will hire 20,000 employees to support the holiday season, and commit $100 million in discretionary bonuses to front-line staff. The company said it is also hiring beyond the holiday season as it plans to add 2,500 employees at regional distribution centers. Full-time hourly employees will receive a $300 bonus, and part-time and seasonal associates will receive $150. JUST AN IDEA/OPINION EARNING DUE 11/18Longby mthompson45112
Low's Buy for target of 182,185,188 ++Looks good on chart. Stop Loss should be below 168 on closing basis. I would buy now and till 171.Longby rahul102030Updated 225
LOW - October 25, 2020LOW has pulled back here nicely, looking for a push past ATHLongby AptitudeFinancialAdvisory0
LOW to 204The 4.236 level is a common level for an extended wave 3, looking to add on the bullish dipsLongby tylerbc140
Lowe's testing resistance in an effort to set a new highIn our pre-market Monday Morning Flight Path newsletter, we noted that having been in a strong “Go” trend June through August, $LOW has consolidated sideways through September with rising lows and highs at the upper bound of the ascending triangle. We also saw upward buying pressure from the bulls pushing the lows higher. Additionally, a low-risk entry signal (green circle) had appeared on 10/1, suggesting that price might make an attack on the resistance above. The GoNoGo Oscillator found support at zero. This week has seen price action follow the plan, with price now testing the upper bound of the ascending triangle and the GoNoGo Oscillator in positive territory. There may be resistance at these levels, but we'll be looking to see if the "Go" trend that is now in place with positive momentum can set a new high.by GoNoGoCharts1
Rising WedgeEarnings are not until November so this one may recover from fall and go up more. I am just wondering how many buyers are left? Average fall for a strong stock from a rising wedge at the top is 36%..they can fall much further though Rising wedges create a shortage of buyers I sold it last week and I may end up being sorry. I feel that if LOW messes up one iota, she will tumble. Too risky for me at this point I had my target, met it, and may miss out of more great moves from a stock that has been wonderful all the way through the flu! Has fallen from the bearish rising wedge and this may be as far as it falls. Targets from V bottom are higher so there is still wind left in the pattern Congrats Lowes! Not a recommendation by lauralea1
V Bottom Ascending TriangleHas had quite a run LOW was in a very narrow rising wedge a while back, never fell from it but continued up in price and left it behind. NV is high. 197 is a 100% target after reading the cup depth, but in a receptive market, a stock can go further Support noted a 3 day pullback point and there will be support at top of A triangle Not a recommendation Be safeLongby lauralea0
LOW to Short, daily trendline breakWeekly Tweezers Daily trendline break Daily Double tops Entry 164 Stop : 172 Target1: 150; risk/reward=1:1 Target2: 135; risk/reward=1:3 I am not a PRO trader. I need few months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate. Shortby PlanTradePlanMMUpdated 0