Lowes got way, way ahead of itself during the lofty valuation period of January this year. Now that it's fallen under the lowest part of the long, historical trend, it's an easy pickup as it can move up and back over its trend lines. $86.38 is a technical, average line that helps to identify point of accumulation, but only for the short sighted understanding of...
When a stock can be resilient during broader weakness, I'm interested. The technical picture is looking interesting, too. Several indicators and oscillators are signaling to buy (denoted with round, green arrows). It's held above the 200 day moving average, which also bodes well. I suspect we'll get weakness tomorrow, as futures fell sharply earlier. I've...
NEW DAY ACTIVE TRADE TRACKING- Took my own advice and went short on LOWes- once bounce off downtrend line. 04/06/2018 LONG PUT $89.00 Entered $1.61
REQUESTED CHART -Dont buy LONG until crosses the downtrend line northbound -This is for LONG BIAS and LONG TERM HOLD strategy - don't BUY LONG in a downtrend FOR A RISKER ENTRY -Buy once start seeing higher lows (before downtrend line cross) - and divergences on the RSI and MACD (RSI starting to show divergence)
The bottom is marked extremely clearly.
If this breaks the last Fib line it on the way down for a while.
Price explosion from previous support zone. Have at least a 3:1 trade here. Prices are currently testing the zone. Entry line is above while the stop market the line below. Position sizing is key here.
$LOW SHOULD CONTINUE TO RISE THROUGH MOST RECENT HIGH #LOWES #BUY ON IG @L0S3S3LF
Lets see how's these candles paint!
RSI above 80 right now but I don't see this being done here. I do believe chances for large day moves greatly diminished. The easy money trade is over in my opinion. Remember DIV payout this week. I do have it a Fib Fan resistance. I do believe this whole sector needs to focus one far better online presence. Locally, Menards is building a second mega store. ...
Recently home builders sentiment survey increased to 70 from 67.
Just diving deeper in to the charts to see whats going on in lowes land! Looks like we our picking up the 200ema. We should be back on track shortly. NYSE:LOW
This is my first chart and hopeful it makes sense. Its just my interpretation of Lowe's cycle and Gann's fan. This is my first chart so good luck!
Based off the time cycle and Gann's fan Lowe's should be above 82$ come December 1st.... Also this is my first chart ever :)
Looks like it should obey trend line structure and go long. Hoping to hit $90+ by years end! Now looks like the time to buy while its at the trend line. I don't think we should really worry about the elephant in the room (AMAZON) yet, but definitely something to watch.
To rebuild housing US Home building stores should benefit...