$LOW weekly chart, ABCD pattern. Post-hurricane idea.

11 ต.ค.

LOW

LOW, HD, and WMT tend to perform well following natural disasters.

LOW weekly chart has an ABCD pattern with a 0.618 primary ratio, which should project us to 1.618 up @ 293.82. We are currently trading @ 275. Once we arrive to the PRZ, I'll look to reduce long exposure and will be open to the idea of a short for the retracement.