LWE trade ideas
2 month distribution completed in Lowe's; bear move has begun!- I am seeing a 2 month long distribution phase in Lowe's, after which the stock has rolled over.
- I am predicting a very sharp move down in the month of December with the first target being the 130 demand zone and the 2nd target being the 100 demand zone.
- the 100 level is also showing support as the key trend line from the start of this bull market comes in at that level
Appreciate your constructive feedback !
Lowes Falling WedgeLowes underperformed previous earnings leading to a stock decline.
This is a perfect buying opportunity.
Analysts raise the price target from 190 to 210 (source Motley Fool)
Consolidating below the 20 Day moving average as the current resistance
Gap at 160 to be closed
All good signs with the overall market looking bullish.
Housing market doing great at the moment for increased lowes demand.
LOWES heading LOWER?I'm very bearish on Lowes. Here's my bear case, a counter bull case, and finally how to trade it.
BEAR CASE
Textbook head and shoulders (source). Volume is increasing from left too right shoulders followed by a huge spike inciting the break of the neckline. This is now retesting the break of the neckline. We've also got some INSANELY negative chalkin money flow (another confirmation of weak price action)
BULLCASE
The H&S could be seen as weak, as we're slanting upwards from L to R (ie. higher lows). The other thing is that the recent 4hr candle has broken the right shoulder downtrend. Consumer Cyclicals are also actually heading higher, but are about to hit an overhead resistance.
HOW TO TRADE IT:
I'm going to enter some mid January 145ish puts with a PT of 135. My stoploss will be if I get a daily close above that purple line (which is the weekly Support/Resistance ) at 157.85.
Today on Nov. 25, the Jan 15 145P traded at 2.90. If I think we're heading to 134. I think this could end up being a pretty decent 3x+ play, plus hopefully some extra theta baby!
Thoughts? What do you think?
$LOW with a slight bearish projection following its earningsFollowing its earnings, The PEAD projected a slight bearish outlook for $LOW after a negative over reaction following its earnings release placing the stock in Drift D
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LOW LONG COVID IS STILL HANGING AROUND, IN FACT SOME STATES ARE TALKING ABOUT TOTAL SHUT DOWNS. LOWES DID GREAT DURING THE PREVIOUS SHUT DOWN AND...
Lowe's to Hire 20,000 Staff for Holiday Season and Pay $100 Million Bonus to Front-Line Workers
Lowe's Companies (LOW) said Friday it will hire 20,000 employees to support the holiday season, and commit $100 million in discretionary bonuses to front-line staff.
The company said it is also hiring beyond the holiday season as it plans to add 2,500 employees at regional distribution centers.
Full-time hourly employees will receive a $300 bonus, and part-time and seasonal associates will receive $150.
JUST AN IDEA/OPINION EARNING DUE 11/18