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Supply and Demand

LULU, a stock to watch!Lululemon stock (LULU) has traded down into the $230's for the first time since the COVID-19 Crash of 2020. I believe that LULU is a stock to keep your eye on, for a few reasons. - The stock is trading at a 20x p/e whereas its historical p/e is in the mid 40's. - Margins for the company have all been steady, and remain an industry leader. - Lululemon is still set to see 10% CAGR for EPS in the next 5 years. (consensus) - The stock is seeing a severe correction, on par with its past decade corrections. Above is bullish sentiment on LULU, and can be considered the "bull/base case" Personally, I have not turned bullish on LULU yet, but with the levels it is reaching it has most certainly caught my eye and has been added to my watch list. While the stock is seeing oversold levels, I think the midterm outlook can still remain bearish for Lululemon. Below are reasons why the short/midterm outlook for LULU may not be optimal. - Weaker forward projections compared to last 5 years. Though LULU is expecting 10% CAGR EPS for the next 5 years, that is just a fraction of its last 5 year CAGR of 38.55%. While projections are still positive, they have certainly dampened compared to recent years' growth. - Macroeconomic environment. Though the economy remains hot/fine for now, there have been warning signs flashing of a rising unemployment figure across the country. With suboptimal economic conditions, the average consumer may cut down on expensive Lululemon clothing. These Macro conditions may also continue to dampen the economy, which can cause an overall market correction, where LULU would likely follow the sentiment. Overall, I believe that LULU offers significant reward, but the shorter term horizon is still worrisome for Lululemon and the global economy. Lululemon is a leader in the Retail Trade sector and dominates when it comes to profitability. The stock is definitely one to keep an eye on if it continues to get crushed. Regarding technicals, I am watching this demand zone around the 200 level. The stock could trend down to this area, and reach close to COVID-19 lows if sentiment does not change. This area could also offer significant R/R for an entry point. Disclosure: I currently hold no position in LULU stock, and have never been a shareholder.
NASDAQ:LULU
by ZachSap
LCRX RETURNS TO THE SEEN OF THE CRIMENASDAQ:LRCX returning to the seen of the CRIME! ☕️ LCRX is retesting the Cup N Handle BREAKOUT FROM 2023! 🤯 LRCX has already tested and bounced off of its Cup n Handle breakout from 2023 twice and is forming the right shoulder of a shorter-term inverse H&S pattern! Will it bounce again?! Drop a comment below. The risk/reward ratio on this one is crazy good, IMO! It's going to take something drastic for that CupnHandle breakout support to bust! My Short Term PT for this chart is: 🎯$80 My Long Term PT for this chart is: 🎯$107 Not financial advice! 🖖
NASDAQ:LRCXLong
by RonnieV29
10
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Quite pleased with the outcome of today, the levels held well, the red boxes worked well, KOG's bias also worked well and on top of that the red box target worked well! We got a reaction after completing the bullish target and we're now sitting 2720 support which is holding us up. We would suggest those short protect and manage their trades and look for the 2730-35 level as a key level which needs to hold us down in order to complete the move. We'll stick with the plan for now, knowing the entries are safe if you took them from where we suggested. If we break back above 2735 the opportunity comes from higher up, ideally we want lower to get better entries for the long. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
2
Alikze »» Dogs | Descending channel🔍 Technical analysis: Descending channel - It is moving in a descending channel in the 4H time frame. - Due to the fact that there is a demand in the middle of the channel, this movement can continue up to the ceiling of the channel. - At the top of the channel, if there is a correction and a soft landing up to the green box range, it will have the ability to grow up to the specified areas by creating demand again. 💎 Alternative scenario: in case it faces selling pressure after hitting the ceiling of the channel and this selling pressure continues sharply, it will lead to the failure of the middle range of the channel and the green box will not be able to hold the price and it can The broken move towards the downward targets and the bottom of the channel until the range of the second green box. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:DOGSUSDT
Long
by alikze
AUDUSD / H1 / LONGAUDUSD May Rise from the Bullish Order Block Entry price :- 0.66682 Take Profit :- 0.67032 Stop Loss :- 0.66414 The AUDUSD pair is currently near a bullish order block, with a range between 0.66687 and 0.66580. Based on the principles of Smart Money Concepts (SMC), the price is expected to rise as it taps into this order block, which often signifies areas of institutional buying. Once the price reaches these levels, there is a high probability of a reversal or upward momentum. On the upside, there is a bearish order block between 0.67225 and 0.67074, which may act as resistance if the price begins to rise. Smart Money Concepts (SMC) is a trading strategy that focuses on understanding how institutional traders (banks, hedge funds) move the market. It identifies significant price zones, like order blocks, which often lead to large market movements. Order blocks are areas where "smart money" (large financial institutions) has entered the market. Traders use these zones as potential entry points for trades. This strategy has a high probability of success as it aligns retail traders with institutional trends, which typically control a large volume of liquidity. Keep an eye on how AUDUSD reacts to the bullish order block for an entry, but ensure proper risk management is in place to account for market fluctuations.
Long
by PraveenTrader1
2
Sellers Bruised As USDJPY Continues To Soar HigherOANDA:USDJPY Check my previous Idea on USDJPY and see if you can find something unique about trading alongside the traders best friend; the trend. I am not that experienced, no not with just 3 years in the system, but I keep asking myself and other traders one simple question... What will you do when a pair is buying? Sell the pullback and expect it to break through the last support of the trend? Wow, just wow. Cause when I went through the latest idea on USDJPY I saw traders making this same mistake of thinking the market is overbought, so it's time we start forcing it to respect our analysis. Here, I think those that know the trend and trade alongside it, "shall be strong and do exploit," just by adding it a little and simple confluence, which will determine the right spot for an entry, to avoid being taken out with the liquidity sweep. Because a wise man once said, "If you can't find the liquidity, then you're the liquidity." What's your thought on the solution to this mistake traders are making, that is eating up our portfolio?
by Samchi01
1
Selling can continue in INDHOTEL after closing below 678.5 Today selling intensity in INDHOTEL was very high so it can continue tomorrow, Its already trading at support zone, if we see followup selling tomorrow then next support is far away from the current price and can give good profit if price test next support level. Note: Its just an analysis, wait for the price to confirm. Disclaimer: Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:INDHOTELShort
by smrgrover2
BankNifty Levels for Intraday for 22 Oct 2024BankNifty is trading between support and resistance zone but it is still in bullish channel so trading on buy side has high probability. We can go long when price starts reversing from 51850-51900. Trade only when price comes to support zone for good risk to reward and high probability. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYLong
by smrgrover2
Gold Prices Surge to New Heights The weekend news cycle has once again ignited tension in the market, leading to gold prices hitting a historic high of $2732 at Monday's open, followed by a sustained increase of approximately 10 basis points. This trend aligns with my forecasts, and I anticipate that both the London and New York markets will continue to rise in the coming days. Looking ahead, gold prices are expected to reach new dimensions this week. In terms of trading strategy, I recommend employing a buy-low, sell-high approach, with particular attention to the critical levels of 2725 and 2712. Members utilizing rapid trading strategies should remain vigilant, as new strategies will soon be announced.
TVC:GOLDLong
by George_parse
IS ELF BEAUTY FINALLY BOTTOMING OUT?! LET'S SEE!NYSE:ELF is at a key S/R zone and has shown buyers will step in well before this thing try's to dip under $100! That's great news as that gives us a great risk/reward ratio area! MACD, RSI, and the Stochastic are all starting to curl upward off the bottom, indicating the start of a bottoming reversal. My trade setup and execution details are below. Not Financial Advice. Entry: $118 Break PT1: $152 PT2: $175 Final PT: $220 S/L: Break below $100 at $97.72.
NYSE:ELFLong
by RonnieV29
XAUUSD: +1100 pips move in making! Let's catch the big move? Dear Traders, We have possibly a great chance to buy Gold as it is currently in a correction mode. After evaluating how price behaved in last two days we think there is a gap that price needs to filled before it continue the bullish momentum. Also there are big talk of ceasefire in ongoing conflict, if that happens the gold will likely to drop further than what we have identified. Please if there is sudden drop and price does come to our area, do not just enter wait for 4 hours or 2 hours candle to close before taking any entries. Also this is not a guaranteed chart analysis and this is just our view, you can use this as educational purposes. Good luck and trade safe.
OANDA:XAUUSDLong
by Setupsfx_
8