Lowe's is a potential buy due to breakout, pullback to EMAs, strong support, and broken order block.
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Where's Ace Hardware? Ace is the place for helpful hardware, folks. And the hammers. I don't see Ace Hardware on here. How about Lowe's? Lowe's. There you go. And let's hit new random bar.
All right. Brand new random 1977. Did you know it went back to 1977? Let's find another random bar. Hang on. That's a little more current. Okay, we're looking at 2017. Okay, the hammer, you need a brand new monkey hammer and you're walking up into lows.
What are you thinking about this stock right here? Uh, it's not looking bad here. There, you know, it had its breakout. It went up. It pulled back to the EMAs. It's going up again.
So, uh, yeah, it could be worth a, uh, buy there. It's got good support underneath. So,
tons of support. Huge support. And it just broke this order block over here. Yeah, dude. I'm I'm liking it. Let's see what happens. Oh, there we go. After after Pat. Come on, Pat.
You know by now. You know by now. You can get on the train. Train train the whole way. Pat was like, "No way. It's too expensive right there." I was just like, "That's cute." Watch this, Pat. You know, I'm just playing with you.
It went up 10% right after that, but we're not done. But it's not over yet. Let's see what happens. Oh. Oh, you can't It didn't There we go. Look at that market. All the way back. It roundt tripped.
This is why you have a trailing stop. Now, a trailing stop is a stop that goes along with you. So, let's uh let me throw a line on here real quick. We haven't talked about stops yet.
But let's say that your stop was right here and the stock is moving up. You just pull up your stop point the whole way with you. You can use the moving average. You can do the previous day's close.
You come up with whatever works for you. And you roll it up and up and up and up and up and up. And then when it's going up like this, the only time you get stopped out is if the trend starts to bend.
And then you're out. And you got to keep most of that move right there.
that was a great trade. One thing that might come up later is the exponential exit there on the green or the red wick above it on the big green. Moved up so fast on the left side.
The big Yeah. moved up so fast you'd probably hit an exit there.
What this channel has said about $LOW
Christopher Uhl - OVTLYR has only this one call on this stock.