$LOW Consolidation Pennant
LOW has been on a tear since its Oct 27 low. The volume of buying during December 13, 14 and 15th is amazing. We now have a nice 8-day consolidation going that has formed a bullish pennant. In addition, today is shaping up to be an inside day. I do not know which way this will break but I did put on a one-third size position today with a stop just below the Dec 20th low. I will look to add to my position should it break to the upside. All TBD.See the chart for other essential information.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Note
Here is an updated chart on LOW It is still on my watchlist. I now have an alert set on a cross above the short term downtrend line. Should it trigger I will open a starter position with a stop on a close back below that line. All TBD.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.