Lowes (LOW) is currently touching the 200 Weekly MA and is likely to see a bounce from this level, regardless of whether it breaks down later on.
Breakdown likely to hit trendline highlighted on chart.
Exit price for bounce would be around $215.
Breakdown likely to hit trendline highlighted on chart.
Exit price for bounce would be around $215.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.