LULU trade ideas
V Bottom Rising WedgeLULU fell from a rising wedge and perhaps forming a bottom here. Can't be sure tho. Oversold. NV is high
Resistance overhead from gap down.
LuLu broke from a V bottom a while back and has made extraordinary gains
I guess too much buying though without healthy pull backs
Strong stock and I feel sure she will recover.
Monthly candle looks like the stock could fall a bit more.
I see strong support at 297.93ish
Long when a bottom is formed.
Not a recommendation
A new Trend channel for LuLu?When creating a trading channel for all of 2019, LULU showed consistent growth and created this neat and reliable trading pattern. Enter the Ides of March. The raucous movements of all stocks disrupt this pretty uptrend. LULU fell much further than it should and then, subsequently, rallied higher than it should (if it was to stay within the previous trading channel of 2019). IF we assume that this trading channel is Where LuLu should be, then as of 9/12/2020 the stock is still Overbought. However, to delve into a possible change in the trading channel position (a pandemic can stifle or accelerate a company's growth), the Month of June created a pullback from the rally upwards where the width of the pullback matches the width of the 2019 trading channel's extents almost perfectly. Should we move the trading channel up to incorporate these two points as the beginning of a new channel, then a Bullish sentiment should be taken for LuLu as it is approaching the base of this possible new trading channel.
This idea will likely be debunked in the next week if LuLu falls bellow $300 for an entire day.
LULU running to 400 pre-ER? 🚀🚀Looks very bullish, and this is one of my personal favorites, with COST and ROKU... besides the typical market leaders (AAPL & TSLA)...
See many of Tech in bullish positions going into this week, Friday seemed like a bull rush, but mostly put into leaders mentioned above. Not sure how market will react to this ER for LULU, but I imagine that their sales have been strong; regardless, enormous potential for this company-- I already consider them a lifestyle brand, but I'm sure this will be more common view sooner or later.
Let's see what happens!
Rising WedgeV bottom that broke out at 266.3 Perhaps LULU is just tired..dunno
LULU has been in multiple rising wedges throughout it's trip to the top. There was a bull flag earlier and she had just fallen from a rising wedge, only to form a new one
Beat earnings on 9-8 but with rising wedges there are often no buyers left due to lack of pull backs and irrational exuberance. Seems like earnings are when the wedge is broken even if the stock beats
Now there is a gap down to fill and maybe, just maybe..LULU will have a healthy trip back up
Short interest is relatively low. NV is high...strong stock. One of the market darlings
Long after fall complete
Not a recommendation
The trend is your friend until it is not
Earnings LULU: Big Move up that won't holdThis is for fun and just for journaling my intuitive methods in the markets.
What I'm getting is a move up 13.5% (perhaps after hours), and 8% at open tomorrow.
Then she breaks down, likely with the indexes, but sell any rally. Looks like almost 20% down from the high.
Live Intraday Trading - Short in LULU for $10K+A good technical formation for short alongwith the market .$10k in just 10minutes
LULU levels to watch forAlthough they had good earnings report. LULU was over bought and over valued. May experience strong turbulence coming month.
LULU - Q2 Earnings ExpectationLululemon had an incredible rally last week heading closer into earnings but sold off about 13% from the top. There was support found around the $346 level. We suspect that this is just a pullback.
We played the run up last week luckily took profit on our short term 2 day swing trade.
We are still bullish heading into Q2 earnings report.
WHY?
Ecommerce. Q2 was one of the best times for digital advertising. CPM on any major ad platforms were as low as 2017 and it was easy for many brands to scale their businesses online.
LULU as one of the leading retailers might surprise a lot of investors with an incredible earnings beat. We'll have to see if their online sales were able to overcome physical store closures.
Due to risk of volatility we're holding onto OTM calls expiring in OCT/NOV 2020.
Good luck traders.
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
$LULU - Earnings on the 8th AMCSELL -1 IRON CONDOR LULU 100 (Weeklys) 11 SEP 20 387.5/397.5/387.5/377.5 CALL/PUT @9.20 LMT
Try to build it yourself. And keep the Risk less than $100.
For every $80 Risk. You have a potential to make to $150 (Realistic targets).
Another earning trade. Betting this wont have a severe move.
The Perfect IRC
Bull Flag Trying to break outLULU looks to be trading in a bull flag pattern with break out at 215.5 Has fallen out of rising wedge pattern which can be bearish..so I feel safer to trade it.
Target 1: 385 to 400
Target 2: 480 to 520
My stop would be under 284/we all have a different tolerance, then I would move it as she rolls.
Be safe and good luck!
LULU - 8.49% Potential Profit - Ascending TriangleClear uptrend Support with an Ascending Triangle formed within.
Target price set at a new potential resistance line.
I suggest entering with a Buy Limit order. If limit is not triggered, I wouldn't chase the run.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $332.94
Suggested Stop Loss $326.66
Target price $361.20
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Analysis on Lululemon Athletica - a Canadian Retail CoFundamentals are very good. The company is well run aside from cash flow.
I would be very patient and hold off longing until the price finds itself near support at $320.
Great run company, just terribly expensive right now for some reason.
It can go higher yes, but I think the further upside potential is not good enough to chase it for.
