LOW, Lowe's Company Inc. - No real entry point even dough...

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Lowe's Companies, Inc. (NYSE:LOW)

NYSE:LOW Lowe's Companies, Inc.

Support and Resistance Chart Patterns Triangle riskreward Ascending Triangle signals breakout Technical Analysis LOW lowes

supportandresistance chartpattern triangle riskreward ascendingtriangle signals breakout technicalanalysis low lowes

LOW
Not only is it enough that there is a pattern, but also that there are the special breakout conditions to have the right Risk Reward and % Profitability.
As you can see in this case, there was no clear breakout of the resistance level, so we would not know where to enter exactly and position our stop loss accordingly.
So what do we do? We look for new opportunities
Good Trading to All!

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