LWE trade ideas
LOW - Up TrendAn up trend on LOW
I expect bullish results due to this bull trend line that is being held.
A channel can be plotted with the upper green trend line.
Bars pattern shows my bullish thoughts.
LOWES Stock Chart Fibonacci Analysis 050923Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 208/61.80%
Symmetrical TrianglePrice is below the .236 and above the .382 of the long trend up since the covid low.
Earnings 5-23 BMO. Analysts do not seem positive on a earnings beat right now but that could change by earnings.
Symmetrical triangles are neutral until broken. The top line is resistance and slopes down, while the bottom line is support and slopes up.
So basically a case of lower highs and higher lows comprise the triangle which narrows as the apex causing a vacuum, and price will eventually break up or down.
No recommendation.
Try to stay sane even when insanity covers the ceiling, the floors and the walls.
Lowes about to take some major hits. LOWMajor confluence of harmonic patterns. Elliott wave triangle, and confirmed entry to next wave. Confirming entry on crossing of two price levels and a high chance of three black crows. I noted divergence in momentum in what appears to be the Elliott triangle.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
$LOW with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for $LOW after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 68.75%.
RectanglePrice is hanging on the bottom line which will be resistance if broken with a confirmed downtrend.
There is also a trendline from a large triangle that is providing support for now.
No recommendation/Short interest is less than 2%/Price is above the .382 of the trend up.
“The difference between playing the stock market and the horses is that one of the horses must win.” — Joey Adams
SHORT LOWThis company is garbage and has been riding the covid train too long with inflated earnings reports.
This upcoming earnings will show reality and will be priced way before!
LOWE'S - Look For Longs. $245 Is the Target for ShortsQuick read, for once.
Lowe's is down 7% following ER. Another ER dump. This is really notable for a few reasons:
1. Big moves on the first of the month always make me think reversals
2. Lowe's isn't really bearish on monthly or weekly bars
3. The real short setup for economic disaster is in the $240 range
4. Dump swept out weekly/monthly/daily sellside pivots
5. Gap fill
6. Overall market is not as bearish as it was during last Lowe's ER dump
7. Equities market makers love to "gamma squeeze" rip the other way after a little bit.
However, the weekly bars do show a three drives-style pattern
But it's only the wicks over range equilibrium and it's never traded to a deep premium, which is what you really want to see before new lows are going to be set.
Monthly shows that this isn't a bear market, either.
March 31 $200 calls lost $8.5 on the news.
You still have to be super careful because of geopolitical risks:
1. The Chinese Communist Party has not reported a single COVID case since Jan. 10, and this is almost impossible to be real. The reality is that the CCP is likely very, very weak right now and could fall at any time.
2. Elon Musk has warned, which confirms with multiple other sources, that Russia is about to launch a very large scale offensive in Ukraine. He would know because Starlink is the only thing keeping Ukraine with even a shred of hope in the battle. Equities down, commodities up is what that will result in, just like when the war was launched last year.
3. When it's time for the CCP to go, and it's going to happen very soon, you can expect there to be a clash between the India-Russia-Saudi/BRICS type entities and the United States/NATO globalists because everyone wants China. All the "hawkish" chatter on "China" (note it's rarely ever against the CCP itself) (("China" is not "the CCP")) from America is gearing up to take over the Mainland by way of the globalist groomed Chinese nationals it has parented so as to install all the woke globalist things and completely ruin what little is left of the country's 5,000 year culture as they go for a real New World Order/One World Government
With the way everything is acting I kind of suspect Lowe's may not be finished dumping, but imo this is one of those situations where one should "be greedy only when others are fearful."
$186 would be a really sweet entry and you have to sit on your hands for 2 or 3 months or at least roll out your winners.
See my Nasdaq/SPX/Dow calls for thoughts on the markets at large and potential timing.
July is the target for when things really get scary.
Earnings watch todayEarnings watch today, Wednesday 3/1/2023. Here's a 4hr ext chart comparison, with the tickerTracker MFI Oscillator set to 20, color coordinated with these 11 tickers.
LOW
ANF
SPLK
WEN
CRM
SNOW
PLUG
DLTR
KSS
NIO
CANO
Lowes Companies, inc - VCP pattern with safe entry point LOW, forming a very typical VCP chart pattern now expecting to form the last contraction pattern (C3), hopefully. But either another C4 or C5, now is still a very safe entry point, where the price is standing above EMA200, or $200 price level.
If we set $194 as stop loss, we are still within 5% risk to 25% reward (Target price $250).
Isn't it a nice deal?
Please feel free to express your ideas and thoughts in the comment section. Cheer!
$LOW Slaughtering. Home Improvement Retail to get slaughtered in 2023.
I see a big bear flag that has been building on Lowe's here.
When recession hits peoples' wallets, there will be no interest to improve their homes.
Inventory will be piling up in $HD and $LOW and we'll see stock prices to fall back to pre-pandemic levels.
$CAT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CAT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
LOW breaking out20+ day breakout, near term target $221, slightly longer term resistance is at $240.
$LOW short ideaWith Q3 earnings season approaching investors must take in mind what the Federal Reserve has signaled with their forecast. Jerome Powell mentioned companies with high debt will feel the most pain as he continues to stay aggressive on rates until we bring inflation down. $LOW (Lowes) is a company that supplies good for home builds and is currently sitting on large inventory and large debt. With the mortgage rates hitting an average of 7.4% in California alone, the housing market is on the edge of a cliff.
$LOW is at an important level in which it was rejected many times before; odds of a strong rejection and a "run-down" into earnings is highly possible. Targets for the downside are 185, 180, and 165.
OptionsSwing Analyst
Daniel Betancourt
Hurricanes and Home RepairIt is time to put LOW and HD on your radar for two reasons. One I like how the technical complex looks and the other is the fact a major hurricane is going to rip into Tampa, FL (where I'm at), or somewhere into the U.S.
In that same breadth it is imperative that we keep an eye on the Oil Stocks such as OXY and XOM, of which, I will be looking at and posting shortly with levels. One thing that is really striking is how the stores are already selling completely out of water this weekend, after visiting 8 stores and coming up empty handed. BUT, how will the country be faced with gasoline shortages as mass panic begins to strike into the human mindsets, fear, and much more. Especially with not knowing the exact placement of the hurricane and the strength of destruction as the country is facing record high inflation and the government is depleting the strategic reserves of our Oil. THEY will need to start buying the Oil off the market at a rapid pace before the price of oil begins to aggressively increase - thus fueling the demand for buying; causing a momentum spike in price action.
I will try to link all of those charts together for simplicity purposes.
My support/resistance lines are represented with the horizontal lines. You can use those as targets and/or entries for positions based on bounces of those areas or rejections.
Ugly TopThe ugly top has been forming for quite some time.
Also called a complicated head and shoulders as there are more than 2 shoulders.
Short entry would be a break of the neckline which is strong support, with a confirmed downtrend.
Also looks like a Bearish Cypher and the 4th leg may have finished at the .786.
Valley 2 (V2) is lower than V1.
No recommendation.
Neutral until neckline is broken.
$LOW with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LOW after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 77.78%.
W PatternOverbought with RSI set on 70. Not quite overbought with RSI set on 80.
Price is over the top band set on an 80 DMA which is also an overbought signal. Price can remain overbought for extended periods of time.
Earnings beat.
Possible Cypher or a Shark that is known to reverse at the end of the final or 4th leg.
No recommendation.
A lot of green equals a lot of buyers who can become potential sellers.
LOW SELLLowe's, Home Depot, Restoration Hardware and this sector are overbought and ultimately going lower as we haven't seen the ramifications of higher interest rates, slowing economy, layoffs and everything else that comes with a severe recession. Bear market rallies are not to be bought! LOW is overbought on several time frame charts and indicators. Purchased 25 August 5th $185 puts will add on share price increase
$LOW with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LOW after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
Lowe's Companies, Inc. (LOW) forecastAfter the housing market is starting to see the impact of higher mortgage rates, LOW`s earnings beat and revenue which fell short of expectations aren`t enough to keep the stock price up.
I expect a retracement to the pre-pandemic level of $129 by the end of this year.
Looking forward to read your opinion about it.
