Buy the dip on $LULU after earnings?
Updated
If past movement are not a guaranteed for future result, i did not get that memo... Because as it happened in the past, again 
LULU had amazing earnings, beating both revenues and earnings and yet share are down more than 5% as this morning.
Here some number:
Revenue increased 22% to $1.1 billion
Comparable sales increased 19%, or 18% on a constant dollar basis
Diluted EPS of $1.10, Adjusted EPS of $1.16
IMO demand for athletics clothing will continue to rise. The mirror acquisition will guaranteedLULU to take a piece of the pay from other player like 
PTON and APPL during lockdown orders.
Why am I bullish? On a technical prospective it seems to be holding well around 345-348 price. There are multiple factors for that:
1. Support at around 361$, 344$ and 325$. It seems to be holding at 348$ for the moment. If it does not, will be looking to buy at 325$.
2. Trend line still in up trend. It intersect quite well with support at 348$. That is why I bought some shares
3. Fibonacci retracement: also at around 348$ price.
Usually where there are multiple convergence of factors at once, stocks tend to do well.
In addition many analysts raise PT and reiterate their buying ideas.
AGAIN, past movement are not indication for FUTURE price actions. ButLULU seems to different :) Time will see.
This is not an investment advice. Do your own due diligence before investing.
LULU had amazing earnings, beating both revenues and earnings and yet share are down more than 5% as this morning.Here some number:
Revenue increased 22% to $1.1 billion
Comparable sales increased 19%, or 18% on a constant dollar basis
Diluted EPS of $1.10, Adjusted EPS of $1.16
IMO demand for athletics clothing will continue to rise. The mirror acquisition will guaranteed
LULU to take a piece of the pay from other player like PTON and APPL during lockdown orders.Why am I bullish? On a technical prospective it seems to be holding well around 345-348 price. There are multiple factors for that:
1. Support at around 361$, 344$ and 325$. It seems to be holding at 348$ for the moment. If it does not, will be looking to buy at 325$.
2. Trend line still in up trend. It intersect quite well with support at 348$. That is why I bought some shares
3. Fibonacci retracement: also at around 348$ price.
Usually where there are multiple convergence of factors at once, stocks tend to do well.
In addition many analysts raise PT and reiterate their buying ideas.
AGAIN, past movement are not indication for FUTURE price actions. But
LULU seems to different :) Time will see.This is not an investment advice. Do your own due diligence before investing.
Trade active
Holding up above trend line!I could not help notice a big buy after hours! I hope will stay down tomorrow!!
I could not buy more share on the dip.. My order on the low of the day at 353.63 did not get feel.
Hope to get in before up trend resume.
Note
Hanging on the 88% retracement.As expected some selling off after moving higher.
still planning to hold all the way up to 399.90 and go from there!
Trade active
Came back to this few days go! Not the price action I was hoping for! Still holding my shares and waiting for earnings.
In the meantime, I am looking at big support around 310-315 from November 2019.
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