Lowe's Companies, Inc. LOW. On a 3 minutes chart, we can see the uptrend with few dollars as increase and then a side move for some time. Such of a move at that low timeframe can guide us to learn on the latest move, for a nice profit.
Now, it is time to watch it for the next step. For the longer trend, the company looks good. I would also monitor the price of Lumber Futures, as a more elaborated system to watch the instrument. Lets see what after hours bring, then tomorrow morning during pre-market and regular trading session.
For educational purposes only and not intended as a financial advice of any kind.
Monday, May 3, 2021
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