spyder3909

LOW looking like it may retest 92

Satış
NYSE:LOW   Lowe's Companies, Inc.
High volume selling after earnings (2 black gap candle formation) pushed LOW down to $92 for a brief test. Since then it has been consolidating slightly above. I think it could retest $92 for a possible double-bottom, or worse, break-down to new recent lows possibly around $86-87. I have a tight stop of $98 as it has already consolidated a bit here. Depending on how it reacts at $92, I may continue to hold (probably with a 1/2 position) or reverse for a long trade. If long, I don't expect it to immediate fill the gap above $102, especially with the 100 & 200MA in the same area.

Disclaimer: This is my own SPECULATIVE opinion and should not be considered financial advice.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.