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LOW (Lowes) - Support Bounce & Bullish Momentum Setup - 4 Hour

Long
Lowe's Companies, Inc. (NYSE:LOW)  
NoFomoCharts  
NYSE:LOW   Lowe's Companies, Inc.
Support and Resistance Trend Lines Double Top or Bottom support trend Double Bottom SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) entry setup Stocks
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supportandresistance trendline doubletoporbottom support trend doublebottom spy spx500 entry setup stocks
LOW (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.
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