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.
1LUL trade ideas
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 2to1 Option play for $10 gain over the next 30 daysLulu Looks ready for the taking ont his move. Yes I have all kinds of seizure induced indicators up....but if you look where there is no indicators you will find your trade. Looking a 3% move of $10 over 30 days. I feel like that is ample time to hit that target and if you are playing the option call you should make $1000 on one option call.
by iCantw84it
02/16/22
$LULU 400% ON PUTS -Very good move on the play from $406.87 levels options moved 400%+
Gameplan for next week: We are gonna give it some time to pull back since the RSI is very oversold and then we are going to take a risk managed entry. If LULU decides to make new lows then we may enter into our position and look for our PT at $325.49
$LULU Another View$LULU Another View
Here’s another view I just want to save it for my own tracking purposes… sorry for the duplicate…
Well, both targets 1 and 2 hit since the last post… so I’m going to be looking to sell some puts at 291…
25 Feb 290 is looking good. Though I might start looking into march sooner than later… I’ll update when I take a position on way or the other
Also a long trendline support (blue line)
I do think that 291 looks like it would be max pain... might not hurt to have an open buy order at that level...
Definitely on my radar for next week…
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
$LULU Target 1 & Target 2 hit… $LULU Target 1 & Target 2 hit…
Well, both entry targets 1 and 2 hit since the last post… so I’m going to be looking to sell some puts at 291…
25 Feb 290 is looking good. Though I might start looking into march 🤷🏻♀️ … I’ll update when I take a position one way or the other, likely next week
Also a long trendline support (blue line)
DEFINITELY on my radar for next week…
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
$LULU Target 360$LULU Target 360
Target 1 was hit pretty quickly… Target 2 is now in sight!! GL
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
WATCHING $LULU for 388WATCHING $LULU for 388
I you’re buying this high up - good for you. I wish you the best… but for me it makes no sense to be long this high up.
I have target 1 as 388, but because of the volatility at the moment that is a little too close so I am currently selling puts at 360 (14 days out). I don’t think that I’d be comfortable being long any higher than 360
GL, and let me know your thoughts!!
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀