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
0JVQ trade ideas
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.
Lowes Has Some Contractions Initiating. NYSE:LOW
Currently have been following this ticker for a moment. Do as you wish with this charting. Please hit the follow and like button if you enjoy my content thanks!
LOW (Lowes) - Support Bounce & Bullish Momentum Setup - 4 HourLOW (Lowes) stock price has double-bottomed above $200 trendline & horizontal support.
Entry: $204.12
Profit Target +6% (exit): $216.43
Stop Loss -3% (exit): $197.92
Utilize stop loss, profit targets, position sizing, and risk management.
Note: Many stocks and ETFs have already rallied up for the past two weeks, which makes this stock a potential laggard play.
If the S&P500 stock index pulls back down for technical or fundamental reasons, LOW (Lowes) stock may pull back down as well overriding this technical chart setup.
All content is Not financial advice. Educational example only. Trade at your own risk.
$LOW with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LOW after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 57.14%.
LOW: Best Time to ShortLOW has hit resistance of the previous channel it was once in and now I expect big moves down. First PT is back to 206, then 190.
Not Financial Advice
Earnings watch 2/23 pre-marketEarnings watch 2/23 pre-market:
LOW
OSTK
BCRX
TJX
PBR
BHC
MNDY
JACK
TAP
HFC
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
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pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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Lowes going Low. LOW Yes.
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. 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 H&SLOW appears to be developing a head and shoulders pattern on the daily chart. I hate that this stock has run up this far, but fibs have shown us that our opinions don't seem to matter. If this a H&S pattern, expect a fall to $202 in the next month or two.
Long LOWLowes has multiple gaps to fill to the downside which I hate because I eagerly want to short this stock, but I do not believe this rocket has run out of fuel just yet. If LOW breaks out of the ascending channel, we will find ourselves scratching our heads while LOW moves to 271, then possibly a final target of 293 before I will consider shorting this stock.
Not financial advice
Happy trading
