LULU - +25% upside with 1:2.5 RRNice play from the lows on the weekly an monthly.
Momentum building and could see a boost in price action after the fed rate cut.
Could be a big winner if other catalysts come into play.
Key facts today
Recent catalyst and technical setup good through 285With indicators in the overbought zone, there may be a slight retrace, but it is still bullish, and the target mid-280 could see a shift in momentum, which is why it's a long-term outlook.
Lululemon ($LULU) Slides After Q2 Earnings; Key Levels to WatchLululemon Athletica Inc. (NASDAQ: NASDAQ:LULU ) experienced a sharp pullback early Friday despite posting better-than-expected earnings in Q2. The activewear giant’s outlook and revenue missed analysts' expectations, fueling investor concern.
Fundamental Analysis
Lululemon (NASDAQ: NASDAQ:LULU )
LULU: Sell ideaOn LULU we would have a high probability of having a bearish trend because we have an attempt to break the vwap indicator as well as the support line by sellers.
8/26/24 - $lulu - 1.5% position into print8/26/24 :: VROCKSTAR :: NASDAQ:LULU
1.5% position into print
- still sub 20x
- still desirable among the swipe culture (and i like the products, i've written about how their fabric/ tech remains scarce)
- growing. generates cash. i don't need to repeat what i've written
- stock is bid which tells
LULU Lululemon Athletica Options Ahead of EarningsIf you haven`t bought LULU before:
Now analyzing the options chain and the chart patterns of LULU Lululemon Athletica prior to the earnings report this week,
I would consider purchasing the 267.5usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $16.15.
If t
LULU in at $270, Pullback to $253MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading system is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM
Breakout so close with earnings could see 300Due to technical, fundamental, and recent catalysts, I may not exaggerate it. It is possible but may linger slightly to the downside before the end of August.
LULU Short IdeaLULU has been consistently going down for a while now, it's not even really sideways, just down. I've had some good trades on it this year but haven't touched it since because of how much it has dropped. Didn't want to short the lows or long it, but I finally see another great short entry on it here
See all ideas
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