Thread by @malteseinvest

Analysis: #NYSE $LOW

Case 293 #Lowe's Companies Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#LOW 1/4

Chart 1
Weekly Chart: After registering an all time high of 126.73 price fell violently to levels last seen in 2014 smashing through long term #trendline support and the SMA 200. Strong hands were positioned at the #pivot at 65.84 with the #Fib. .....

LOW 2/4

..... 0.618 at 59.58 and since then the Feb-Mar 2020 losses have been reclaimed. The long term trend is very healthy with the monthly #SMA 200 currently at 48.82. The main objective is 156.55 once price closes above 135.00.

LOW 3/4

Chart 2
Daily Chart: The #Strategy is printed on the image.

$LOW 4/4