0JVT trade ideas
$LULU EASY SUPPORT & RESISTANCE PLAY !-Big support on $LULU bounced 3 times off this support level if we see a little green on Monday this is going to be a solid swing
- Now if we break down below support we are looking at a very nice pull back down to $355
-we have our 2 scenarios here set and done now we wait to see which follows through
<TradeVSA> LULU - Pullback Completed with Green PentagonSign of Strength in the chart:
1. Shakeout in reaccumulation
2. Green Pentagon above 20/40ma with Shakeout completed
3. Pullback in uptrend
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
LULU Accumulation is obviousLow volume profiles indicating low supply and clear accumulation phase.
Possible pump on retail clothes industry getting sales due to pandemic ending
Cup and HandleLULU pulled back to under long entry level after a few rainy days in the market. Price found a form of support just under long entry level at 381.95.
I plan to hang but could be a bumpy ride.
The hanging man candle is only a hanging man at the top, and is a hammer at the bottom. The hanging man like the shooting star can signal a pull back or possibly a change in trend. There are 2 hanging men and price did pull back, but this candle does not always signal a pull back. Just something to be aware of. Bullish engulfing candle today.
Price was also outside the top band when the pull back began. Price eventually returns to the bands.
No recommendation.
Cup and Handle Overbought on daily RSI set at 80 verses 70. Not overbought on weekly or monthly.
Has passed long entry level and has surpassed former long term high.
Price is outside the top band set on an 80 DMA and 2.5 standard deviation. Standard bollinger bands are set on a 20 dma and 2 standard deviations. So there is a lot of momentum and very bullish. Price does return to the inside of the bands eventually. When price is over the top band on this setting, it is almost always overbought on RSI. Securities can remain overbought for extended periods of time. I already own this, but will wait to buy more, but I do not plan to wait too long unless I see signs the trend is ending. The trend is your friend until it ends.
Securities can also remain oversold for extended periods of time, and can mean there is a lot of supply, or buyers, at the level that the oversold oscillator becomes stuck in. It can feel like eons sometimes. You know, the bottom dwellers or pull back dwellers that feel as if they will never move? The second a security is oversold is not always the best time to buy. Every security is different though.
No recommendation.
I am not saying LULU is a super nova exploding in the sky, but sometimes it is hard to buy a stock, and especially a high PE stock when you see price exploding in the sky. There have been quite a few rocket stocks in the last year that felt like they would never come back to earth. But sometimes when the deep pull back comes after a "rocket" stock flies, it can be suicidal to jump in.
LULU BOUNCE OFF 370.51 - intraday swing Looks like LULU is bottom out .
Intraday swing or scalp play off of the bounce .
Always confirm with the tape , there has been a lot of money flowing into this company lately and it is personally one I believe in .
$LULU Chart IdeasI can see Lulu filling the gap, doesn't have to fill it entirely but if it does fill, it should rebound. Other scenario is it bounces once again before filling the gap. Tough to time it but there's some bearish momentum after today.
Cup and HandleTargets 1 for inverse H&S 395 408. Cup and handle targets are listed on chart.
ABC Bullish Targets 1 are 352 362 and have been met. Long term targets for ABC pattern, if momentum continues this far are 402.5 to 429
Long term high is 399.90.
This is trading in 3 patterns but no great horizontal trading zone to call a handle is evident as of yet. I drew a green lines where I see support.
LULU is volatile and can move quite a bit daily as a rule, both up and down so be patient on long entry if you like LULU. Maybe try not to chase it as sometimes it is hard to catch it. She runs both forward and backward at a fast pace. It is one that I keep but try not to stress over on bad days ); It has been a while since LULU had one of those painful pull backs. Ruh Row lol.
LULU is over the top Bollinger band set on a 80 moving average verses a 20 which shows extreme buying pressure and but has been riding it for several trading days. Bullish scenario but depends on your tolerance. Usually price returns to the interior of the bands.
Keeping an eye on overbought levels. RSI is on 80. When I first started trading, I got the terms overbought and oversold mixed up a lot. LOL. One day I decided to use the B in overbought to help me remember the B in "Bad" as to remember OverBought conditions can be a Bad time to buy for me as I am a swing trader and an investor, not a day trader. If you read my posts it is important to remember I do not look at securities like a day trader would. Some folks like to scalp stocks and do not mind overbought conditions. We are all different and sometimes you have to play it by ear.
Oversold is a good place to buy sometimes but in a bull market these levels can be hard to achieve for some securities. When a security remains oversold for extended periods, below 30 on RSI or whatever indicator you prefer for oversold conditions, it is possible there is a lot of supply at that level. In other words, lots of folks bought the security at the level that the oversold indicator gets stuck at. By the time it gets to oversold levels, the folks who bought at that level can be in a panic and selling due to fear it will go even lower. So they sell to break even, for a small gain, or for a loss. The longer the security stays oversold causes more and more panic. Folks lose patience and are like "will this dang stock ever move?" Patience can be a virtue as eventually the last group of sellers will sell. When the last seller sells, and there are not many sellers left, then you have buyers. But for me, it is just not optimal to have your money tied up in a long oversold ordeal because you can not use the cash to buy something that is moving.
Securities can remain oversold for a while just like they can remain overbought for extended periods of time. Some look to sell when overbought on daily, weekly and monthly indicator levels. Many prefer buying only when an indicator reaches a certain level..ie over 50 on RSI. I do not use a lot of indicators but I do like Bollinger bands and RSI set on 80 and 30 in a bull market. There are so many indicators, the Awesome Oscillator and Volume Weighted MACD are also indicators I like when unsure. I always look at negative volume and keep it in my volume window in TOS (Think or Swim). I look at short interest as well. As a rule, I do not like the clutter of a bunch of indicators though. We are all different.
Negative volume is high. Short interest is low.
Knowing what type of trader you are is important as you can develop your own edge in the market. I have realized over time that I am a pattern trader, obviously.
No recommendation. Risky I suppose, and since I teach yoga, so I am probably partial. Go with your gut (o:
Lululemon Athletica: Bank Profits Here For +12.6%Nice trade, supported by both technicals and fundamentals (see related).
Bank profits into the weekend.
Net money and go...
The triangle of LuluLululemon Ahtletica inc. is an American company that is expanding all over the world and that produces and sells sportswear specialized in athletic activities and yoga.
Given the type of sport on which it specializes its business has not suffered in a marked way even the period of covid because millions of people forced into the house have bought their products online for the activities of Yoga conducted individually in their own dwellings.
Its constant growth in turnover during the years really frightens and, despite its price is well beyond the fair value, according to some sites that I use for fundamental analysis, its price seems to still aim high, also helped by large-scale investors who seem to be increasingly interested in the company.
Here is the movement for which Market Miracle, the algorithmic advisor that identifies and categorizes the incoming and outgoing capital from an asset yesterday generated an input signal of 362.5 USD with a target of 407 USD or with a potential profit of 12.3
Graphically the price seems to be trapped in a triangle pattern due to its situation of over-bought over the long term but it does not really seem to scare the price action towards a further climb.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling down this page.
$LULU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LULU after a Positive under reaction following its earnings release placing the stock in drift A
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LULU looking nice in those hot pants...KeyCode UpdateI made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share.
Thank you,
iCantw84it
06.08.2021
Lululemon Athletica - Earnings Were GoodThe market appears to be buying into LULU. I like it long above $347. Stop: $334.
Earnings Comments via financial news network CNBC:
Lululemon first-quarter sales rise 88%, topping estimates, as store traffic rebounds
Key Points:
- Lululemon said fiscal first-quarter revenue soared 88%, topping analysts’ estimates, as shopper traffic steadily rebounded to its stores.
- The leggings maker also issued a strong forecast for its fiscal second quarter and for the full year, saying momentum for its brand is growing across all geographies.
Lululemon Athletica said Thursday its fiscal first-quarter revenue soared 88%, topping analysts’ estimates, as shopper traffic steadily rebounded to its stores.
The athletic apparel maker also issued a strong forecast for its fiscal second quarter and raised full-year estimates, saying momentum for its brand is growing across all geographies.
Its stock rose less than 1% on the news in extended trading.
Here’s how Lululemon did for the period ended May 2, compared with what analysts were anticipating, based on a Refinitiv survey:
Earnings per share: $1.16 adjusted vs. 91 cents expected
Revenue: $1.23 billion vs. $1.13 billion expected
Net income grew to $145 million, or $1.11 per share, from $28.6 million, or 22 cents per share, a year earlier. Excluding one-time charges, Lululemon earned $1.16 a share, better than the 91 cents per shares that analysts estimated.
Revenue rose to $1.23 billion from $652 million a year earlier, when its stores were temporarily shut. That came in ahead of expectations for $1.13 billion.
On a two-year basis, sales grew 57%. Lululemon also said its men’s business grew faster from 2019 levels than its women’s.
The Covid pandemic has fueled shopper demand for fitness gear to wear around the house and to dress for at-home workouts such as running and spin biking. The trend, which hasn’t appeared to slow down, has benefited companies including Lululemon, Nike and Under Armour. It has also boosted more traditional retailers such as Gap, which recently said activewear sales continue to drive sales at both its Athleta and Old Navy banners.
Lululemon’s direct-to-consumer revenue climbed 55% to $545.1 million year over year. Sales in North America were up 82% and increased 125% internationally.
CEO Calvin McDonald told analysts Thursday that Lululemon still expects its international business will grow in size to be equal to its North American operations in the near future. At the end of 2020, international sales represented only 14% of Lululemon’s total business.
The company also owns the at-home fitness platform Mirror, a rival to Peloton. Lululemon expects Mirror to drive between $250 million and $275 million in revenue this year.
CFO Meghan Frank said momentum has remained strong in recent weeks. The company continues to invest in innovative merchandise to drum up excitement. It recently launched a line of products that use lower-impact dyes, and it is piloting a trade-in and resale program.
For its fiscal second quarter, Lululemon expects adjusted earnings per share to be in a range of $1.10 to $1.15, on sales of $1.3 billion to $1.33 billion. Analysts had been looking for earnings of $1.01 per share on revenue of $1.20 billion, according to a Refinitiv survey.
For the year, it’s calling for adjusted earnings of $6.73 to $6.86 per share, on sales of $5.83 billion to $5.91 billion. Analysts expected it to earn $6.48 per share on sales of $5.68 billion.
Previously, Lululemon had been calling for fiscal 2021 revenue to be in a range of $5.55 billion to $5.65 billion.
“We were performing well before the pandemic, I think we led the peer group during the pandemic, and we’re excited about ... our ability to continue to perform post-pandemic,” McDonald said.
Lululemon shares are down about 9% year to date. It has a market cap of $41.4 billion.
