LULU - potential $50 dropAnother overinflated garbage stock.
Needs to come back to earth this year.
Target - 260.
I am planning to build a short position in all bounces in the next week.
0JVT trade ideas
POSSIBLE HUGE CRASH!Lulu is highly successful retailer.
It is a well know brand world-wide.
But it is obvious that stock price valuations is just too high.
A correction is imminent.
On the monthly chart, there is a text-book head and shoulder pattern.
Price action broke the neck to the downside.
If price close this month below neck area which is around 302 USD, things will accelerate in favor of bears.
There is an uptrend that started a decade ago and probably in couple of weeks price is going to test the trend line.
If price cant hold that line, 192 USD is possible in the short term.
Lulu can test 78 USD area depending on FEDs actions.
Important support areas for the long term
302
245
224
192
166
139
120
78
Follow for more ideas and charts!
LULU PUTS BELOW 306 -As we observed last week the beautiful breakout of that 349 level we immediately went right down AMAZING breakout trade
-Now we are heading down towards the next major support at 278.53... We shall look for the breakout of the minor support line at 306.60
-This is a daily set up so we can play this w monthly options or we can get in and out to manage risk
next week will be interesting for LULU >.<currently back to its extreme trend resistance, if it cannot hold the blood continues, but if we use trend resistance as support a big rally can follow.
long trigger at 335.04/short trigger 286.94
I will attach a chart with my vibranium algo targets :)
LULU FALLING BEHIND -I like to trade Lulu typically bc she’s usually a day behind so we can expect a break below 350.26 Monday and play puts from there
-There is a lot of range once we break these levels we have range down till 317 to where we might meet smack in the middle with the cloud
-looking for an entry once we break 350 support
Buy LULU puts with time, or Sell call credit spread.Remember this is a weekly chart. Price retreated from 400 and I am not sure if stock price will remain so high after earnings, or going into mid-year.
Stock price can move substantially lower which will make a great swing trade. Options volume is low on this stock, and so is general stock volume. If you are not willing to hold for a few weeks for price to change meaningfully, then you may want to skip this trade idea.
LULU Daily Time Frame Short Position via Supply Zone Confluence - Price enters a change of character, then proceeds to break structure, forming a fresh level of supply.
- Price retraces down to form liquidity zones, breaks liquidity sweeps and retraces back into fresh discounted supply.
- This is exactly when I enter in on atm weekly puts.
$LULU Double TopLululemon ($LULU) has a double top, gap fill, and support as indicated. RSI is pointing down, MACD is starting to switch over.
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LULU breakout of consolidationLULU consolidated to 9 ma and breakout of the consolidation by there. There is some resistance at $400 but it could go to $460-$470. Risk off $370.
LULU - expecting more upside in medium termLULU was forming an inverted Head & Shoulders (a potential sign of trend reversal), which eventually broke up strongly upon Earnings Release.
I would classify the gap that accompanied this breakup as a "breakaway" gap (gap that occurs at the beginning of a trend change, usually signifying the new trend has some room to move).
However it soon hit into a "horizontal support that now turned resistance" around 390 and has since been correcting from there. As I believe the uptrend as room (considering the breakaway gap), the recent pullback is likely a bull flag. I would long the breakup of this bull flag @ 369.5 with initial stop just below 358.
Scale out 1/3 position near 390 and hold the rest to see if it would break out of this resistence eventually.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Cheers.
Lululemon Swing IdeaLululemon is ready to continue running after recent positive earnings imo.
- Double bottom at $282 support level
- Positive earnings call on 3/29
- Strong Balance Sheet
- Increased Relative Volume with bullish selloff after initial pop.
- PEG Pattern (maybe not enough accumulation leading up to earnings)
- 200day ema support
- Recent insider buying
- Bull Flag formed
- Next pop to $406 level for ~12% swing. Could go higher if volume increases.
- Using 200day ema and $354 as risk level
LULU massive earnings run losing strengthWedge forming on daily right below 200 day MA. In my view, LULU's inability to take out the 200 day quickly shows weakness and could fall
apart next week. Weekly chart showing a gravestone doji, indicates a top of a trend; a sign of trapping longs. Either way, if it breaks higher 400; breaks lower 333.
Stock may headed back toward All-Time Highs.Between March 24 and March 30, Lululemon soared 27%, which created the pole of the bull flag pattern. Since then, the stock’s daily trading range has tightened into a triangle, which has formed the flag of the pattern.
If Lululemon breaks up bullish from the upper descending trendline of the flag on higher-than-average volume, the measured move could see the stock trade up toward the $462 level, which is in range of the Nov. 16, 2021 all-time high of $485.83.
The stock is set to hit the apex of the triangle on April 12 and traders and investors can watch for a break from the triangle pattern over the next three trading days to gauge future direction.
If Lululemon breaks up from the flag formation, the stock will regain support at the 200-day simple moving average, which will indicate long-term sentiment has turned bullish.
On Thursday, Lululemon was trading on lower than average volume, which indicates consolidation is taking place, which aligns with the theory that the bull flag pattern is in play. By late afternoon, only about 872,000 shares had exchanged hands compared to the 10-day average of 2.43 million.
The consolidation within the bull flag pattern has helped to drop Lululemon’s relative strength index to about 65% from the 73% level the stock’s RSI was measuring on March 30. The drop in RSI allows for Lululemon to trade higher if the stock breaks up from the bull flag.
Lululemon has resistance above at $383 and $412 and support below at $367 and $347.
Bullish traders will want to watch for a break up from the upper descending trendline of the flag formation, on high volume, for an entry. When a stock breaks up from a bull flag pattern, the measured move higher is equal to the length of the pole and should be added to the lowest price within the flag.
A bull flag is negated when a stock closes a trading day below the lower trendline of the flag pattern or if the flag falls more than 50% down the length of the pole.
LULU SELLSell LULU and for it to reach.
Risk 1 to make 1.5 since the overall market is favor on the bull side.
LULU app.ortex.com
According to ORTEX, there is (7.3%) EPS Price divergence. Considering the recent rally, it would not be unreasonable to expect some profit taking within the next few weeks. Again, FOMC meeting is coming up in a few weeks time and we are dancing to the same tune again. Inflation is not transitory.
I would be interested to see if the price falls to $340-$350 area by 21 April 2022.
Happy to hear everyone's thoughts. If you are going to type rubbish, I will report you.
$LULU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LULU after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
LULU - sell off after earnings? I noticed that LULU tends to sell off after each earnings (specially when it meets its quarterly target). Will the same happen today?
Bullish SharkEarnings were today after market closed.
Possible stop under C or where you see support. Under pocket pivots/green triangles/can make a decent stop.
The definition of a Pocket Pivot is the day’s volume must be larger than any of the down volume days in the prior 10 days. Pocket pivots are a way to identify institutions’ footprints within a base or an uptrend.
This buying will leave behind a volume signature, and that volume signature is called a pocket pivot .
The Bullish Shark is labeled OXABC and peak 2 is higher than peak 1. The Shark is considered a pattern of price exhaustion and there is also a bearish version. The shark should have it's final leg (BC) end at the .886 or the 1.113. This one hit between these 2 fib levels.
There are also 3 bottoms (blue stars) close in price. The first and lowest one is 269.28.
Several bear flags on the way down denoted in white.
Short is 2.2%.
LULU is known to be volatile.
No recommendation.
Falling Wedge Pattern Breakout @LULULulu has earning on March 29, 2022. Pattern has already breakout let see it will hold this pattern longer or not. I have profit target around $365.00.
Just sharing my ideas not a trading advise.
Education purpose only.
Thank you.
LULU Longit is getting ready to go.....
said Tuesday it will launch four women's footwear designs globally in 2022, marking the apparel retailer's entrance into the footwear category. The company plans to launch a men's footwear collection in 2023.
LULU into earningsJust logging the idea.
Market is pricing in 12.5% growth rates
come down to rebase post pandemic
volatility is up with inflation/Russia
It is a $330 to $370 stock (DCF valuation) that I don't mind holding if we get a drop.
Sold covered call, 315 Apr 14, $14.50
really wanting nothing to happen, but happy with a pop (lock in 5% in 30 days), happy with a drop because with a $297 cost basis and willing to hold.
LULU LONG POSITIONMarket just finished Full Elliot wave 1-5 and ABC correction, bounced off of a demand zone and we are expecting for it to retrace to 50% fib zone.
Entry:300
Invalidation:276
Target: 384
Short into ER. A few things to note here: The AB=CD harmonic in the direction of trend and Bearish engulfing candle forming today! Follow the trend!
