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.
0JVT trade ideas
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.
$LULU on verge of next breakout higher. Entry level $209.50 = Target price $220 = Stop loss $205
Looks like LULU is ready to take the next step higher after consolidating through Sept and Oct.
Indicators are in a bullish formation but a high volume day is required to break through the $209 region.
P/E ratio 51, acceptable in high growth.
Company profile
lululemon athletica, Inc. engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth. The Direct to Consumer segment is involved in e-commerce business. The company was founded by Dennis J. Wilson in 1998 and is headquartered in Vancouver, Canada.
Lululemon (LULU) moves off Trendline Support and Breaks HigherLULU has been rising in a trend channel since April. The price recently pulled back to channel support and then consolidated there. On Oct 10 the price broke above the consolidation signaling a long entry.
The chart shows two trade scenarios. One is entering when the price breaks above the consolidation. This trade has a 6:1 reward to risk based on the estimated exit (top of channel). Spotting the channel and the consolidation would have alerted a trader to be on the lookout for an upside breakout. I posted this on Oct 9 in my free Facebook swing trading group (www.facebook.com). An order could have been placed to enter when the price broke above the consolidation high.
The other scenario is a late entry near the closing price on Oct 10. Still a good trade potentially, but the reward:risk drops to about 3:1.
LULU Long on Ascending Channel- Selling volume is decreasing on average as the price declines downwards
- Hammer with long tail shows bulls resolve on pushing prices back up when it is near the resistance and seller is losing control
Notice the price at around 190.13 on 30 min chart:
- Significantly high volume on 30 min chart green candle when it is near the intra day resistance.
- Force index is higher on the highs