lauralea

Symmetrical Triangle

NYSE:LOW   Lowe's Companies, Inc.
Price is below the .236 and above the .382 of the long trend up since the covid low.

Earnings 5-23 BMO. Analysts do not seem positive on a earnings beat right now but that could change by earnings.

Symmetrical triangles are neutral until broken. The top line is resistance and slopes down, while the bottom line is support and slopes up.
So basically a case of lower highs and higher lows comprise the triangle which narrows as the apex causing a vacuum, and price will eventually break up or down.

No recommendation.

Try to stay sane even when insanity covers the ceiling, the floors and the walls.
Aviso legal

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