0JVT trade ideas
Why LULU will EXPLODE!Lululemon, (LULU), engages in the designing, distributing and retail of athletic apparel and accessories. May was a CRAZY month for them as their stock FLEW from its low of $214.20, ALL the way to its ATH currently at $300.40, an increase of $86.20!! The craziest thing is, in my opinion, it IS NOT even done RISING. Here is why I believe this. The start of May was shake, being that LULU had opened really close to its support of $210.74. It held its ground and fought that support, the reason being that all of the support lines are close together, meaning their is a ton of support and it would likely not break through it, which it did not. This is the case for the upcoming month. The support seams to be rising while the tock rises. As it stands, LULU is no where near its support, and is in fact, in the resistance zone. It broke through last weeks Second resistance at $294.1. Looking at the trend from the month of May, it seems that as the stock broke its weekly resistance levels, they would continue to increase. I believe the Third, Fourth, and Fifth resistance lines will continue to increase, and LULU will explode through it and become a big time player in the fashion/athletic industry. On top of just chart reading, major competitors of LULU, such as UnderArmor (UAA), is struggling to compete with LULU, as "The company experienced a loss in sales because of store closures, which dropped 23% in Q1. But the outlook for the company was grim even before the pandemic struck, its stock depreciating by more than 80% since 2015." Im getting wild here, and purchasing volume 370 calls, with 47 day expirys. These are all just my opinions, so please let me know what you think in the comment! If you have any questions, feel free to ask!
LULU LEMONade With recent all time high performance by LULU and current price can be consider as good pullback to entry. After all, due to pandemic issue, LULU online business shown good projection. Risk ON!!!
LULU LEMONade With recent all time high performance by LULU and current drop price can be consider as good pullback to entry. After all, due to the pandemic issue, LULU online business shown good projection. Risk on!!!
$LULU.. the Trend is Your Friend.. Until It Isn'tLULU has key support in place at the former sloped channel resistance point. Danger zone is when/if we see a break of this line, which would likely trigger a quick run to test the $275 area. Otherwise, the trend is your friend.
LULU Bearish ConfirmationLULU has confirmed that it is now in distribution territory. There's a possibility it may test it's previous ATH before dropping further, but I have 2 price points:
Conservative: 278.47
Aggressive: 250 Range
Price point of Invalidation: 325
LULU - 6/29 @300pShow me the support lines for NASDAQ:LULU cause we don't believe they exist until 280 (maybe).
If that breaks cleanly we're dropping to 260.
LULU IS EXPECTED TO BEAT EARNINGS TOMORROWLululemon had a great year as yoga pants became the official uniform of the pandemic.
Suggestion: Place a Call Trade
Trading is a Risk and nothing is ever guaranteed.
$LULU out of its long term monthly channel$LULU has run up with the recent overall market run up. It has now gone out and over its long term monthly chart. It should either just trend here or pull back to its long term channel.
LULULEMON ($LULU) 👖 | Is Becky's portfolio about to take a dip?📊🧐 Analysts have low expectations for Lululemon earnings this quarter, but the chart and other factors (like its expansion into international markets) point to high hopes moving forward.
In the chart, we take a look at some levels for LULU and compare its strength to the S&P (White) to show how recent weakness and divergence from the broader market's uptrend could result in us eventually retesting support before making another attempt at highs.
Support.
The S1 orderblock is the target for LULU bulls if we see a correction for LULU instead of an immediate uptrend. Despite potential outlooks for future quarters, the COVID quarter earnings are unlikely to instill greed, so a correction may just be in order from that perspective alone. Below that we have the S2 and S3 bullish S/R flips, both of which could act support if S1 doesn't hold.
Resistance.
R1 is the main resistance on the chart. The R1 range highs aside, the current range may also end up acting as resistance if we do move down to S1 or lower.
Summary.
The bull case for LULU still makes sense. However, it'll take a really great outlook and perhaps an earnings beat to have the market disregard what is likely to be an underwhelming earnings report and push LULU to new highs. Given the short term weakness on the chart and expected weakness in earnings, the bulls will probably want to focus effort on defending support rather than trying to FOMO into earnings.
Resources: www.earningswhispers.com + www.barrons.com + www.modernretail.co
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$LULU WILL IT MAKE OR BREAK ?$LULU, has been on a fantastic roll. It been going sky high for a while now. Reports are due soon, will people face the behemoth with good fortune into the future ?
Or feel it deserves to go to the depths of hell ?
What do you think ? Leave a comment below ! And please leave a like to support my content, Thanks !
lulu is severly overbought we can see this name sliced throught the 1.27 retrace fib like butter. on a normal circumstances that should of at least act as resistance but the market didnt care and it kept going up even at severely overbought levels. now its touching the 1.41 retracement about 323 and it got rejected. we dont know if this name will keep going up the the next fib level since the market is completly detached from reality. it is not of my interest to call the top , but twe cant denie what we are seeing. if you want to lower risk, wait for it to fall bellow the 50d moving average to go short. make sure you use stop loss, and buy long date puts because the market its too dangerous to trade even at extremely overbought levels. good luck
LULU Impulse Almost Complete, Corrective wave323 Price Range will be that ATH lulu hits before facing a retrace.
The price levels to eye for taking profit on this retrace are $286 and $263, depending on how aggressive you are.
OK Yoga Pants - I may short you. $LULU"BUY +1 1/2 BACKRATIO LULU 100 (Weeklys) 2 JUL 20 315/290 PUT @.05 LMT" - BP reduction $2500 with $50 Debit
Is a starting point. If you cannot construct this spread and know what your risk is. DO NOT GET IN.
