33L trade ideas
$LULU Monthly Analysis Potential buy opportunity after pullback.
lchimoku Cloud indicates high buying volume & momentum.
Flat 9 day MA indicating a pullback.
Moving average & price disequilibrium.
Lagging span still has a bit of momentum
26 day moving average high momentum.
Price is expected to drop & pullback to higher highs.
LULU Bullish shorter term Bearish medium termSo this trade opportunity is a bit risky, because price action is likely going to continue to make lower lows over the next several months, possibly targeting the 211 level. I'm not trading that move lower, but aware that it is likely. However, I'm interested in a shorter term trade higher to target the 230.57 level over the next several days to possibly next few weeks. Watching price action here...The idea is higher to 230 and then lower to 211. We will see.
$LULU Levels to watch tomorrow One of the hottest stocks of 2019 is having a little stumble in the after-hours post earnings.
Thursday we will see is it a buy the dip or cash in opportunity.
Coming into year end it is understandable that some profit taking could occur with $208 as golden pocket support.
LULU - interesting point NOW ---- to go up or downLULU - interesting point NOW ---- to go up or down - Lulu Lemon has provided a very strong run and showing no signs of stopping ---- But I wont hold my breath forever - as it may need to come down a bit to regroup and then rise again.
They point in the chart may tell more if it breaks again upward across the LINE upward..... predictable channel so far.
Possible H&S pattern forming on LULU ahead of earnings.LULU has been on an impressive run since early November, but with the impending earnings report(~Dec 11) there has been some question as to whether earnings will justify this growth. Starting on around Nov 22 it appears that a pretty classic head and shoulders pattern has formed with a strong neckline at ~222-223. Indicating a potential down turn in the coming days.
This pattern also coincides with a break from the previously strong channel that LULU was following.
I will be watching this stock closely to see how the pattern completes as we approach earnings next week.
We are all learning here, so please comment below with your thoughts. And as always, I am not your financial advisor, go ask your Daddy for stock tips.
LULU still inline with a WEEKLY channel pattern (on a BIG SCALE)LULU still inline with a WEEKLY channel pattern (on a BIG SCALE) ------ when looked over the past years. Still positive it can ride the upward channel or soon bounce to the lower side of the Channel visible....as a pull back. RSI riding overbought for the past week. LULU is 10% above the 10MA - Moving Average. Seems quite high on the weekly charts now. But this stock keep surprising and defying the odds rising higher....
LULU....Time to Buy Puts???I see a major dump coming from LULU. My predictions are we gap down and fill the gap from the April Earnings report. The chart never filled that gap, and we know how much charts love to fill gaps. Chart is straining at the moment. A perfect example is Shopify which had a similar pattern.