LULU inside weekInside week on LULU and also forming a triangle pattern. Top of the trendline and 50DMA are pretty close to each other. Most of the names had inside weeks last week and we have FED on Jul 27th. The only thing i am thinking about is if market moves past its range this coming week or the week after when FED makes an announcement but nonetheless these setups can be played either way.
If LULU breaks out, JUL 22 295C can work. There is a gap to fill 293.39 and then another gap 297.50 - 302.13 which can be targets
If it gets rejected from 50DMA or top trend line can try 280P for a trade down to the opposite side of triangle.
LULU
LULU is going downLULU has weakening momentum, a long term H&S and volume cueing in a downside move. You can see that historically, LULU likes to make H&S patterns with the neccessary retest at the end of the H&S slightly overextending the trendline before capitulating. Taking a long-term short for a few months out is my play of choice. A calandar spread is a good way to hedge but with the potential for capitulation, I think an ATM or Slightly OTM naked put is the best strategy to go with.
LULU PUTS BELOW 306 -As we observed last week the beautiful breakout of that 349 level we immediately went right down AMAZING breakout trade
-Now we are heading down towards the next major support at 278.53... We shall look for the breakout of the minor support line at 306.60
-This is a daily set up so we can play this w monthly options or we can get in and out to manage risk
LULU FALLING BEHIND -I like to trade Lulu typically bc she’s usually a day behind so we can expect a break below 350.26 Monday and play puts from there
-There is a lot of range once we break these levels we have range down till 317 to where we might meet smack in the middle with the cloud
-looking for an entry once we break 350 support
$LULU Double TopLululemon ($LULU) has a double top, gap fill, and support as indicated. RSI is pointing down, MACD is starting to switch over.
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LULU 2to1 Option play for $10 gain over the next 30 daysLulu Looks ready for the taking ont his move. Yes I have all kinds of seizure induced indicators up....but if you look where there is no indicators you will find your trade. Looking a 3% move of $10 over 30 days. I feel like that is ample time to hit that target and if you are playing the option call you should make $1000 on one option call.
by iCantw84it
02/16/22
Weekly Watchlist 2/7 - 2/11Check out what stocks we are looking to trade this week!
NASDAQ:LULU
Looking to take a breakout over the $355 level
Targets: $360, $365, $370
NYSE:TGT
Looking for a break of this wedge pattern and a move over $223
Targets: $224, $225, $226, $228
Keep in mind I will not be taking these trades if AMEX:SPY is still range bound between $453 & $444
$LULU 400% ON PUTS -Very good move on the play from $406.87 levels options moved 400%+
Gameplan for next week: We are gonna give it some time to pull back since the RSI is very oversold and then we are going to take a risk managed entry. If LULU decides to make new lows then we may enter into our position and look for our PT at $325.49
$LULU Another View$LULU Another View
Here’s another view I just want to save it for my own tracking purposes… sorry for the duplicate…
Well, both targets 1 and 2 hit since the last post… so I’m going to be looking to sell some puts at 291…
25 Feb 290 is looking good. Though I might start looking into march sooner than later… I’ll update when I take a position on way or the other
Also a long trendline support (blue line)
I do think that 291 looks like it would be max pain... might not hurt to have an open buy order at that level...
Definitely on my radar for next week…
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
$LULU Target 1 & Target 2 hit… $LULU Target 1 & Target 2 hit…
Well, both entry targets 1 and 2 hit since the last post… so I’m going to be looking to sell some puts at 291…
25 Feb 290 is looking good. Though I might start looking into march 🤷🏻♀️ … I’ll update when I take a position one way or the other, likely next week
Also a long trendline support (blue line)
DEFINITELY on my radar for next week…
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
$LULU Target 360$LULU Target 360
Target 1 was hit pretty quickly… Target 2 is now in sight!! GL
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
WATCHING $LULU for 388WATCHING $LULU for 388
I you’re buying this high up - good for you. I wish you the best… but for me it makes no sense to be long this high up.
I have target 1 as 388, but because of the volatility at the moment that is a little too close so I am currently selling puts at 360 (14 days out). I don’t think that I’d be comfortable being long any higher than 360
GL, and let me know your thoughts!!
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀