When the Price of Lowe's Companies LOW Talks, People Listen

Source: Stock Traders Daily

Longer Term Trading Plans for LOW
  • Buy LOW over 220.54 target 236.00 stop loss @ 219.9 Details
  • The technical summary data tells us to buy LOW near 220.54 with an upside target of 236.00. This data also tells us to set a stop loss @ 219.9 to protect against excessive loss in case the stock begins to move against the trade. 220.54 is the first level of support below 225.02 , and by rule, any test of support is a buy signal. In this case, support 220.54 would be being tested, so a buy signal would exist.

  • Short LOW under 236.00, target 220.54, stop loss @ 236.68 Details
  • The technical summary data is suggesting a short of LOW as it gets near 236.00 with a downside target of 220.54. We should have a stop loss in place at 236.68though. 236.00 is the first level of resistance above 225.02, and by rule, any test of resistance is a short signal. In this case, if resistance 236.00 is being tested, so a short signal would exist.

Swing Trading Plans for LOW
  • Buy LOW over 230.26, target 236.00, Stop Loss @ 229.6 Details
  • If 230.26 begins to break higher, the technical summary data tells us to buy LOW just over 230.26, with an upside target of 236.00. The data also tells us to set a stop loss @ 229.6 in case the stock turns against the trade. 230.26 is the first level of resistance above 225.02, and by rule, any break above resistance is a buy signal. In this case, 230.26, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LOW near 230.26, target 220.54, Stop Loss @ 230.92. Details
  • The technical summary data is suggesting a short of LOW if it tests 230.26 with a downside target of 220.54. We should have a stop loss in place at 230.92 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 230.26, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LOW
  • Buy LOW over 226.19, target 230.26, Stop Loss @ 225.66 Details
  • If 226.19 begins to break higher, the technical summary data tells us to buy LOW just over 226.19, with an upside target of 230.26. The data also tells us to set a stop loss @ 225.66 in case the stock turns against the trade. 226.19 is the first level of resistance above 225.02, and by rule, any break above resistance is a buy signal. In this case, 226.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LOW near 226.19, target 220.54, Stop Loss @ 226.72. Details
  • The technical summary data is suggesting a short of LOW if it tests 226.19 with a downside target of 220.54. We should have a stop loss in place at 226.72 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 226.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

LOW Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Strong
P1 0 0 220.54
P2 226.19 230.26 236.00
P3 231.55 239.76 251.91

LOW Long Term Analysis for January 21 2022


LOW Swing Trading Analysis for January 21 2022


LOW Day Trading Analysis for January 21 2022

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Lowe's Companies (NYSE: LOW) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for LOW can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

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