$LULU looks like a great long-term shortChart is self explanatory. Rising wedge forming inside of a H&S top pattern.
Target in the rectangle below. Will likely take 6-9 months to play out.
LULU trade ideas
Lululemon Could Be RunningLululemon spent more than half of 2023 in a range, but now it could be starting to run.
The first pattern on today’s chart is the bullish gap after LULU was added to the S&P 500 last month. The stock pulled back in late October, made a higher low and proceeded to a new 52-week high. That may suggest it’s trying to break out.
Second is the range between $415 and $420, near the mid-October peak. Prices have pulled back to test that zone. Trend followers may now watch to see whether it makes a higher low. Can old resistance become new support?
Third, you have the rising moving averages. The 8-day exponential moving average (EMA) is above the 21-day EMA. The 50-day simple moving average (SMA) is above the 100-day SMA. That may suggest that both the short- and long-term trends are bullish.
Fourth, notice how LULU gapped higher following its last three quarterly reports. Will that keep buyers engaged into the next set of numbers estimated for December 7?
Finally, MACD is rising.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
LULU is at a consolidation phaseYou can see from the weekly chart that prices are going sideways since 2020, much like a pinball hitting the ups (resistance) then rebound off the lows (support) for 3 years. So, if you had bought this stock in 2020, you probably have a roller coaster ride of being happy and feeling frustrated.
If it can breaks out from the current resistance level , ie 387-410 , then we are safer to say it is trending up. However, nobody can say for sure as it has happened in Sept 2021 where it breaks out , only to come tumbling down..........
There are naturally short term traders who are adept at finding opportunities to long and short in this phase but is a RISK you have to take, if your heart can take it. Else, I say sit on the fence and wait or look for better stocks. As I said, buying process is easy, it depends on how much you have (capital) and how much you want to buy and at less than 30 seconds, you can become a shareholder of these companies.
The trick lies in the homework prior to hitting the buy button. Always take what others write with a pinch of salt (including mine) and do your own research. Over the years, I have discover the stock market is a good reflection of one's thoughts, psychology and emotions. What you buy, when and why reveals a lot about your inner thoughts at that moment.
Hopefully, we made less mistakes and cheaper ones compared to the profitable ones in the long term in order to grow your wealth.
Lululemon Falling WedgeFalling wedge pattern is a bullish formation.. 400 - 425 can come as resistance.
Extreme fear in markets right now. Once we break down out of the bear flag on the weekly timeframe a larger sell will come once again.
Ascending TrianglePossibly heading for support.
Spinning top/indecision/at resistance.
Engulfing candle/bearish/today.
Top line is virtually flat (Resistance) and bottom line slopes up (support)
Things can change in a heart beat.
This stock does well at earnings as a rule.
You can calculate targets by projecting the width of the wide end of this triangle and projecting that measure up or down from the beak point.
Loose triangle as price is spread out somewhat. Triangles perform better when they are tight.
No recommendation
We are going down to the trend 200$According to the butterfly, we will have a decline to the trend in the area of ~ $ 200, I would not have taken a position earlier. Next, we must go to new heights.
LULU SHORTLooks prime for a short opportunity. Must be traded with tight stop loss as this has been a phenomenal name in the recent past.
PS- Not Financial advise. Do your own diligence.
LULU Looking to Go UpSigns in favour of LULU uptrend:
(i) LULU has broken a major resistance level with high volume.
(ii) A bullish pennant is forming.
(iii) Bullish Squeeze momentum has fired.
(iv) RSI is above average.
(v) RSI is in the range of 60 - a good level for breakout.
(vi) Looks like continuity of 3rd Elliott Wave.
LULU is just below another resistance level of 410, which is a hurdle to a full blown bull run.
LULU Lululemon Athletica Options Ahead of EarningsAnalyzing the options chain and the chart patterns of LULU Lululemon Athletical prior to the earnings report this week,
I would consider purchasing the 390usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $25.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
LULU swing trade now All these people are trapped short here. Anyone that is short is going to be forced to sell to get out which will make this a great swing trade higher from here. I love love love the EMAs breaking out also.
$LULU - Rising Trend Channel [MID-TERM]🔹 Breakout a short-term resistance level, signaling a positive trend for the short-term trading range.
🔹In case of a NEGATIVE reaction, it has support at approximately 385.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
◦ DT - Double Top | BEARISH | 🔴
◦ DB - Double Bottom | BULLISH | 🟢
◦ HNS - Head & Shoulder | BEARISH | 🔴
◦ REC - Rectangle | 🔵
◦ iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
$lulu cup and handle set to test 500$28 week cup and handle ready to bust on a popular clothing stock with women
Yoga PantsShort below 384
Initial target 327 by mid Sep 2023
Goal Target 300 by October 2023
P.S.
Yoga Pants are out, we do this naked now.
Ascending TriangleThe triangle is within a large rectangle.
Both patterns are neutral until broken.
Tough Resistance overhead.
Earning 8-31.
No recommendation.
52 Week Range
277.50
394.54
Day Range
375.00
382.72
EPS (FWD)
11.93
PE (FWD)
31.58
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
2.12%
Market Cap
$47.86B
Volume
229,228
Bullish Alert : LULUOn the 15 minutes chart, there is a good bullish alert with a bullish crossover.
This easy pullback may be over confirming the long term upside move.
LULU expecting 14.5%+ move for earningsI really have not been getting direction correct on these things since TSLA and GOOGL, but end up nailing the percent and dollar moves based only on my intuitive hits.
SO, full disclosure. I don't follow LULU. This ticker came to me when I woke up on the morning of the 18th with ROKU firmly in my brain, and LULU only slightly.
Of course, I wish I had taken it seriously enough to do a deeper dive on why I got ROKU, but I did enough dowsing to get the point move of 23 correct (post earnings) and that it would go down and then up (on daily chart).
I'm curious if LULU also has an extreme move, so here's what intuition gave me last night on it:
symbol of a heart = up (but could this be just for today since it's up?)
14 "and a half" - never heard such precision before from my guidance lol
and the number 82.
This morning, the high of the day so far is 382, which I thought would suggest a short. But, I've had very bullish energy in my dowsing. So, it could be by the end of the day, if LULU is OVER 382, it's a buy. If it's BELOW 382 it's a sell?
My dowsing also gave me the percent as 16, which very well could be at the extreme of the move.
If anyone has an options strategy for playing both sides for a move up or down, that's really cheap, I'd be interested. Thanks!
LULU put credit spreadmacro: snp500 QQQ uptrend
News: inflation flattening
TA : Break of ascding triangle
STOP: rolling till worthless options
TP: low value per day or expire
risk: UK inflation domino effect
$LULU has the room to go for $500Strong uptrend and earning gaps, great technical chart and wonderful strong up trend gives us clear view of upcoming move for $lulu..
We need first to clear 390 and 400 .
It might gap up strong on Thursday 29 2023 ..
Let's see!
RectangleTop line is resistance and price is just below the resistance line.
Entry long would be a break of 389.06 with a confirmed uptrend in place.
Rectangles are neutral until broken and can be a very long term pattern when the rectangle is large like this one.
No recommendation.
Roadmap to LULUBlue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from equilibrium points, (not highs and lows). Thickness of lines illustrates strength of previous price action. Circles are the crossing of uptrend and downtrend (Crossfire Points), usually resulting in reactions.
Co inegration strategies on two pairs of stocks( re-upload )I had to re-upload this due to bad volume. This is how you trade based off of the dynamic equilibrium between two stocks within the same industry
Lululemon to breakdown from a wedge?Lulumelon Athletica - 30d expiry - We look to Sell a break of 355.85 (stop at 367.85)
We are trading at overbought extremes.
We have a Gap open at 29/3 from 320.31 to 366.25.
Trading within the Wedge formation.
The bias is to break to the downside.
Expect trading to remain mixed and volatile.
A higher correction is expected.
Our profit targets will be 325.85 and 320.85
Resistance: 374.06 / 380.00 / 386.70
Support: 370.00 / 356.50 / 345.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
$LULU to 380Had a breakout from the symmetrical triangle, also had relative strength on a choppy day.
Trade idea : LULU > 374 target 380
