1LUL trade ideas
LULU downtrendingLULU has been in a downtrend since the end of last year. I'm looking for a play at the top trendline which is being hugged by the 50 day MA. I'm interested in shorting it once it gets there again. If it ends up breaking through strongly, will flip sentiment to long.
$LULU with a Neutral outlook following its earnings #Stocks
The PEAD projected a Neutral outlook for $LULU after a Negative Under reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Pull Back FishingLooks like some were not happy with earnings.
There was a possible head and shoulders pattern prior to the deep pull back.
Now there is a falling wedge which can be bullish when price breaks up and out of the upper trendline. A falling wedge slopes against the trend and converges at the apex. LULU has not broken upper trendline of the wedge.
The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern.
The differentiating factor that separates the continuation and reversal pattern is the direction of the trend when the falling wedge appears. A falling wedge is a continuation pattern if it appears in an uptrend and is a reversal pattern when it appears in a downtrend.
Falling wedges are formed
No recommendation
LULU🌦NOW is a great time for long call LULU.
➡️Pattern recognized:
Regular flat
➡️Hypothesis:
Bullish
➡️Catalyst:
Earnings was great.
➡️Conclusion:
LDC signalling upside, time to long call LULU.
***This does not constitute financial advice.***
If you like what you see why not support us?
👇
Turning point for Lululemon nowlululemon
Why it was founded?
Founder Chip Wilson heard people talking about yoga 3 times at 3 different places, that thing will become a trend. #principleofthree
Why it will become success?
a. unique, low cost and sticky marketing technique - community marketing (Yoga teacher=brand ambassador)
b. good quality cloth technique - seamless sewing machine from Japan
c. Combine of two unique items - Athlete + style; healthy lifestyle that is getting trendy nowadays, and people needs style when doing exercise.
<>
Technically, it broke out from range 40-80, climbing up on the uptrend channel, and it is forming a reversal (look like M shape reversal?).
However, Mar 2020, it fell sharply due to pandemic, Mar 2021, it has rebounded strongly within a month.
Will it
A) continue to renounce and reject the M reversal?, or
B) unable to break resistance and trend down?
$lulubroke support, failed to break resistance, already high market cap subsequent to covid, can get low here
LULU in weekly oversold conditionsOther than the March 2020 crash, LULU only reached oversold weekly conditions in September of last year after which it rallied 25%. Will we see a similar bounce here? Will depend on strength in NASDAQ/QQQ.
LULU#LULU The accumulation triangle has been formed and broken (see the yellow circle). Since the ABCDE wave in the triangle is not fully formed, a retest is quite possible (shown by blue lines). The paper holds patterns and moving averages well. There are 3 growth targets - they are shown on the screen, the total growth goal is + 30%.
LULU 🌦
The majority of stocks follow a simple behavioural formula 👇
The formula is simple: impulse, correction, impulse, correction. In my opinion, you don't need traditional indicators like RSI and MACD. I understand different charts with inter-market analysis.
$LULU Lululemon Death Cross Sell Signal☠☠☠
Longs need to take great care in the days to come as the imminent death cross will put
immense pressure on the stock.
RSI is also in major decline and strong downtrend resistance.
Bulls will need to make a major move tomorrow to fight this off.
LULU at key resistance levelLULU needs to break above ~350 to show momentum and break of resistance (prior support in wedge) before we can call bullish. Even then, we will need to test the all-time high of 400 before going fully bullish. Until these points, anticipate downside or further horizontal movement...
$LULU RSI + SupportLululemon is at a strong support and RSI is oversold on the daily. Fundamentals are very strong for this company. This is when you buy, not sell - making money on the market is quite simple at the end of the day but most people just cannot think properly...
