LULU Long (Naked Call)
https://www.tradingview.com/x/DqkplSTS/
Lulu has been solid channel up since December 2018. We broke new highs in early April 2019 and have since been grinding higher.
- At market close we are at a resistance level of about $190. If we gap up on Monday, I will be looking for an entry on a lower time frame at this same level of resistance to go long.
- However, if we get rejected at this price level, I will be looking for an entry when price touches the 21 EMA.
Lulu has been solid channel up since December 2018. We broke new highs in early April 2019 and have since been grinding higher.
- At market close we are at a resistance level of about $190. If we gap up on Monday, I will be looking for an entry on a lower time frame at this same level of resistance to go long.
- However, if we get rejected at this price level, I will be looking for an entry when price touches the 21 EMA.
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