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