3 Possible Scenarios at these rates for LVLU with 5 Risk/Reward Hey there!
Let's talk about the 3 possible scenarios that could happen with LVLU at its current rates. What's more, we'll also consider the 5 risk/reward factors that could affect these scenarios.
1st Entry: to be made when the 2 parallel line range is broken upwards. With Stop Loss Below the yellow upper parallel line and take profit $0.10 below red line as shown in the graph. This here is a 1:5 risk-to-reward ratio, which is above the 2.5 R/W ratio, which I am always trying to target.
2nd Entry: More details will be shared if I get 50 boosts for this post. But most traders can understand by looking at my chart.
3rd Entry: More details will be shared if I get 20 comments for this post. But most traders can understand by looking at my chart.
LVLU trade ideas
$LVLU Relative Strength + SetupLook - my wife loves shopping at Lulu's. Her friends love the brand as well. That's not a reason to buy a stock - but at least you know its not some scam. You're actually buying a decent company. So there's that. But also, this thing has held up really well during the recent bloodshed. It actually had a really good April after bottoming out in March. LVLU printed an inside day today. I'm looking for a breakout with strong relative volume over the high on 04/05. Lots of breakouts have been failing lately so if it squats back into the pattern I'm out.
$LVLU is giving a GREAT IPO SHORT opportunity todayIPO intraday trading strategy idea
The share price is falling and gonna continue this trend today.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price today.
So I opened a short position from $12,68
stop-loss — $14,62
take-profit — $6,86/MOC price
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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