1LUL trade ideas
$LULU Rising Wedge - Short$LULU Rising Wedge - Short
Up almost 4% today on average volume and no real news. Shorting this move for a retrace back into the $320-$325 range at least.
lululemon athletica daily analysisHi friends
the daily chart of this market shows that it will experience an uptrend also it is better to be vigilant of the change of this market towards the opposite direction
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Options trade LULU LULU has been on tear lately but a bit under analyst average price ratings.
It has had a double top and broke though it.
I did an options trade for expiry date of Dec 18th, 2020, 1 contract call option at strike price of $350.
If I watch the share price continue to rise, I will keep the option until such time that momentum dies down and it starts to dip. I am keeping an eye out for the earnings in August as well. I am thinking it will reach 340ish and start to dip a little bit.
LULU - Breakout$LULU
Flag and rectangle breakout.
I will place a buy above rectangle box around 326 for a 25 $ move minimum being height of box.
If results are good during this move then flag target possible. Another 50 to 25 $
on the whole a good setup.
Also check out ABT. similar looking chart setup.
LULU False BreakoutLULU has had a false breakout and then closed beneath the breakout level on high sell volume. This is a reversal sign. Looking for a pullback to the $300 level.
LULU Potential Long SetupLULU longs fought hard to take out that 325 level, and their award is a new base of support. As LULU consolidates over 325, it could possibly see a strong upward move to confluency at 350. The moving averages are in consensus for an upside move.
Fundamentally, LULU is undervalued at current prices, with new analyst price targets showing a $355 estimate.
Bulls need to hold 325 for this move to sustain.
#LULU in DooDooRSI Divergence on the highs after all time highs hit today. Possibly loosing some steam. Volume contracting.
LULU Potential BreakoutLULU has had quite a run since March and has hit my scan based on the consolidation phase. A break past the orange horizontal line with confirmation volume could indicated a price target potential of ~ +8-10%. With low IV, debit call spreads may be a trade that I execute upon price & volume confirmation.
$LULU - LongLooking to go long once above key levels.
Using fib extension. 100% fib level is my first target.
$LULU bull flag type pattern is formingAfter a huge run up $LULU has been consolidating within a range since June. It's been holding its 8EMA and looks prime to break out to ATHs. I'm in a call spread.
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LULU to tag the ATH!I'm going to see if LULU can tag the ATH again with a long from 311.93 to hopefully 325.
LULU 1D Long on break of new all time highLong LULU on break of new all time high. Stop loss just under thick Red line around $300. Price only retraced to the first fib level, so i look for my more aggressive price target at $428. $370 first price target
Lululemon Athletica $LULU$LULU is about to start a new trend. watch for a breakout of $318.32.
12 months Consensus Price Target: $306.1
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
Lulu long Here is an easy ta for Lulu long:
As you can see easly- Lulu in up-trend. Stock had high volume compared with strong move to 325 § mark, bounced off and since that consolation.
We have support on 284 $ Mark (S1) and resistance on 325 $ mark (S2). You can identify this as a consolation zone, so next step should be a clear break through ATH.
Indicators:
BB: Are close after big movement, cosolation, next move could be strong, neutral signal
20 SMA: Trend is moving above, bullish signal
50 SMA: Trend is moving under, bearish signal (works as resistance)
200 SMA: Wide above, bullish signal
MACD: Close to 7, Neutral signal
RSI: Close to 80, oversold (is normal in up-trend)
Volume: neutral, no signal
Option play:
Sell put 232 $, 272 $
buy call 330 $
Swing trade:
Trade the swings in consolation channel
Long-Term:
Wait for pull back on 284/290 support, or wait for breaking through ATH after 325 $ mark
Good luck for you trading :)
$LULU Bullish Above $325
Possible long above $325 .
Major confluence of Fibonacci levels @ $348
MOM bullish cross above Zero
CMF reversing
MACD also attempting to crossover.
Histogram ticking higher.
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