Equity Oracle: 04/06/2012

Last week I put out an alert to short Lowes (LOW) if the stock closes below the 20-day moving average. The stock did not close below the moving average so the alert is still in place. The weekly chart (above) gives us a couple of clues that we are getting close to initiating our trade. The first clue is the drop in the weekly volume. The second clue is a Doji Top on the weekly candle. As you follow along with the video that I’ve produced for you, you will see that there are other things happening on the daily chart that confirms what we are seeing on the weekly chart.

Watch this week’s video »

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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