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LULULEMON ($LULU) 👖 | Is Becky's portfolio about to take a dip?📊🧐 Analysts have low expectations for Lululemon earnings this quarter, but the chart and other factors (like its expansion into international markets) point to high hopes moving forward. In the chart, we take a look at some levels for LULU and compare its strength to the S&P (White) to show how recent weakness and divergence from the broader market's uptrend could result in us eventually retesting support before making another attempt at highs. Support. The S1 orderblock is the target for LULU bulls if we see a correction for LULU instead of an immediate uptrend. Despite potential outlooks for future quarters, the COVID quarter earnings are unlikely to instill greed, so a correction may just be in order from that perspective alone. Below that we have the S2 and S3 bullish S/R flips, both of which could act support if S1 doesn't hold. Resistance. R1 is the main resistance on the chart. The R1 range highs aside, the current range may also end up acting as resistance if we do move down to S1 or lower. Summary. The bull case for LULU still makes sense. However, it'll take a really great outlook and perhaps an earnings beat to have the market disregard what is likely to be an underwhelming earnings report and push LULU to new highs. Given the short term weakness on the chart and expected weakness in earnings, the bulls will probably want to focus effort on defending support rather than trying to FOMO into earnings. Resources: www.earningswhispers.com + www.barrons.com + www.modernretail.co ✨Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
NASDAQ:LULU
by AlphaBotSystem
We can see correction in few daysGreetings to you all the TradingView readers! We are the team of analysts for the top crypto channel on Telegram and we are here with the fresh idea. We are likely to see the correction within 2-3 days, as Stoch RSI says. The indicator stayed beside the upper limit for a whole week, which is a proper period to make the price respond to the indicator’s intending. Currently, the Stoch and RSI lines are crossing each other, which predicts the following decreasing. But this signal needs 1 to 5 days to be performed. Anyway, we expect 6550 price to the end of the current correction, and not lower. We already offered a reason for this price falling within our last idea . Here we want to notice that 1H and 4H of Stoch RSI are currently changing or are going to turn into the growth, which indicates the price drop from the higher positions than the present ones. See more of reliable info and analytics on our Telegram account. With respect, Lemon Insiders Team.
BITMEX:XBT
by Btctrader888
Not time to test the bottom yet!Hi, all the TradingView readers. We suddenly decided to go out of the Telegram frames (having 30k subscribers on the channel and 20k bot users) and show up on the TradingView to send our ideas and messages more precisely. Let’s examine the topic thoroughly. Currently, we see a slight correction started from 7120. Under the correction, the price has fallen slightly lower than expected. But we were able to catch the right time to average it out and now we are in the channel having profit. For some reason, everybody’s claiming that the current correction is just the end of the story and we’re going to renew the bottom price and all the other weird and mostly factless thoughts. I mean, indeed, the correction is real cause’ the growth itself was quite noticeable. In the moment, we are monitoring Stoch RSI (our preferred indicator) which clearly shows (on 4H and 1H) that it's going to reverse. This kind of the significant indicator’s fallen usually notifies us of an upcoming collection and a potential indicator’s reverse motion. In addition to Stoch RSI, we are quite interested in LONG&SHORT BItfinex and monitor it as well. It shows an exciting thing now. Short positions have been closed while falling, long positions have been opened in the same moment. Short and long positions crossing happened on the falling stage, not on the raising one. Which is quite strange to us. After all, the crowd of traders never act like this. People trade more in the direction of price, not vice versa. Cause’ it’s not a good time for this now. So you certainly can determine the “big player” moves, who’s trying to hold the long position. It’s too early now for renewing or testing the price bottom as we're still not on the strong downward line, which holds out for six month already, constantly killing our hope for the bright Bitcoin future. To push away the line we should reach it first. And we will definitely reach it with the price of $7400-7600 per coin. On this point we can finally start considering the strong short position and the bottom price testing. Well, probably, it won’t ever happen. Cause’ if you attentively check the motion pattern of the chart, you’ll notice the very last raising hump is quite different from all the others. The new hump is based on the bigger values and it grows in a slower way while all the previous humps consist of the impulse candles. It can be considered not just a hump but a future flat causing an impulse. Under the possible ETF approval, we may finally get out of this triangle by the end of September and will “draw” something new and quite intriguing. We’re certainly keeping in mind a situation of the stock going to the very bottom. But it’s highly unlikely as all the indicators suggest the opposite. However, it’s still a crypto, where everything is possible) So we are still holding a long position. Thank you for reading this! Welcome and Follow our daily analytics in Lemon Insiders telegram account to stay up to dated! Sincerely, Lemon Insiders Team
BITMEX:BTCUSD.P
by Btctrader888