Ascending TriangleThe triangle is within a large rectangle.
Both patterns are neutral until broken.
Tough Resistance overhead.
Earning 8-31.
No recommendation.
52 Week Range
277.50
394.54
Day Range
375.00
382.72
EPS (FWD)
11.93
PE (FWD)
31.58
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
2.12%
Market Cap
$47.86B
Volume
229,228
LULU trade ideas
LULU expecting 14.5%+ move for earningsI really have not been getting direction correct on these things since TSLA and GOOGL, but end up nailing the percent and dollar moves based only on my intuitive hits.
SO, full disclosure. I don't follow LULU. This ticker came to me when I woke up on the morning of the 18th with ROKU firmly in my brain, and LULU only slightly.
Of course, I wish I had taken it seriously enough to do a deeper dive on why I got ROKU, but I did enough dowsing to get the point move of 23 correct (post earnings) and that it would go down and then up (on daily chart).
I'm curious if LULU also has an extreme move, so here's what intuition gave me last night on it:
symbol of a heart = up (but could this be just for today since it's up?)
14 "and a half" - never heard such precision before from my guidance lol
and the number 82.
This morning, the high of the day so far is 382, which I thought would suggest a short. But, I've had very bullish energy in my dowsing. So, it could be by the end of the day, if LULU is OVER 382, it's a buy. If it's BELOW 382 it's a sell?
My dowsing also gave me the percent as 16, which very well could be at the extreme of the move.
If anyone has an options strategy for playing both sides for a move up or down, that's really cheap, I'd be interested. Thanks!
Roadmap to LULUBlue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from equilibrium points, (not highs and lows). Thickness of lines illustrates strength of previous price action. Circles are the crossing of uptrend and downtrend (Crossfire Points), usually resulting in reactions.
Lululemon to breakdown from a wedge?Lulumelon Athletica - 30d expiry - We look to Sell a break of 355.85 (stop at 367.85)
We are trading at overbought extremes.
We have a Gap open at 29/3 from 320.31 to 366.25.
Trading within the Wedge formation.
The bias is to break to the downside.
Expect trading to remain mixed and volatile.
A higher correction is expected.
Our profit targets will be 325.85 and 320.85
Resistance: 374.06 / 380.00 / 386.70
Support: 370.00 / 356.50 / 345.00
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Keep an Eye OutLulu obviously crushed earnings and the stock took off to the upside. But…. Keep an eye out for this trend line. If we get a clean break, we may go down quite a bit to fill the open gap. MACD also showing that we’re getting close to turning bearish.
Not financial advice, good luck to all :)
LULU 3/20/2023The ladies love their overpriced leggings, but the stock market doesn’t.
LULU Daily chart analysis.
Their uptrend started March 2018 and came to an end December 2021.
Price has since been moving side-ways in a Distribution stage in form of a Head and Shoulders pattern. We need is break of neckline before price enters downtrend.
Entering trade short
Entry: 281.00
Stop loss: 339.34, (-16.61%)
Target: 161.74, +44.42%, 2.67 RR ratio
LULU - Broken Failing Trend Channel- LULU has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- The price has risen strongly since the positive signal from the double bottom formation at the break through resistance at 325.
- Between support at 352 and resistance at 385.
- RSI is above 70 after a good price increase the past weeks.
- The stock has strong positive momentum and further increase is indicated.
However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
- The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well.
- Overall assessed as technically slightly positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
SHORT LULUWe had a fantastic earning report this week, but we must remember that not only LULU but every other stock moved higher this week.
It was not only because of LULU's earnings whole market is moving higher and closed March with a big statement. Now that we trading above 200 MA and 77 levels at RSI, LULU has to and needs to move down to find new higher low support to move even higher.
After all one thing, we learned this past few years you can't be too bullish and can't be too bearish. Stocks will go down and up all the time. In LULU's case, there is not much juice left to squeeze up, therefore stock needs to go down.
Currently stock is extremely overbought it's not sustainable to move higher at this point. My first target is around $340.
LULU Lululemon Athletica Options Ahead Of EarningsLooking at the LULU Lululemon Athletica options chain ahead of earnings , I would buy the $310 strike price Puts with
2023-4-21 expiration date for about
$14.65 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Symmetrical TrianglePrice completed an M/Shark pattern which reversed at the .886 of OX.
The shark helped positive price movement temporarily but this was bound by trendlines of the triangle.
Price is beneath the triangle now.
The Shark is labeled 0XABC.
Earnings 3-28.
No recommendation.
EPS (FWD)
9.92
PE (FWD)
29.57
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
2.52%
Market Cap
$37.39B