Market just finished Full Elliot wave 1-5 and ABC correction, bounced off of a demand zone and we are expecting for it to retrace to 50% fib zone. Entry:300 Invalidation:276 Target: 384
I predict a bullish price action of LULU based on the following 3 indicators: - A backtest of the triangle wedge followed by a clean bounce. - A parallel rising channel which was unbroken during last week's sell-off. - Chaikin Money Flow reversed but needs to follow through.
If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight. In this post, I will be providing an in-depth analysis on Lulu Lemon Atheletica Inc. (LULU), by going over its business model, financials, and technicals as well. What is...
LULU has been a MONSTER this year! With Squeezes setting up on both a daily and four-hour chart makes me think it will be headed higher towards earnings which looks to be at the end of August. Depending on how it opens tomorrow (looking for a pullback) will ultimately decide how I play it. I'd like to sell an at the money put credit spread, but with the way it's...