Downtrend or Symmetrical? Different perspectives outlined that I think will be made clear this week.
Inverted head and shoulders showing with 332 break out being conformation.
LULU trade ideas
🍋 LULU Trade Plan (5/25)-(6/4) 👧🍋 LULU Trade Plan (5/25)-(6/4) 👧
📈 Long Above 316.75
🎯 TGT near 319-320, 322-323
❌SL 314.30
📉 Short Below 314.30
🎯 TGT near 312.60, 310.40, 307.70
❌SL 315.90
✅Trend Line Confluence from March 2021 Lows.
✅Earnings Report coming up on June 3rd.
LULU - a couple of possibilitiesJust glanced at this chart this morning and saw these two divergent possibilities. Does this market still have legs or is the party over?
LULU Possible rocketship into stratosphere $445 TargetLulu Lemon might find a reason to rocketship into the stratosphere with news of being able to start mingling again. Now that covid restrictions are loosened up.
seekingalpha.com
by iCantw84it
05/08/2021
LULU - upside to resumeAfter hitting a low of 270 in early March, LULU began a rebound that soon hit into resistence between 316-320 and pretty much gyrate between 300-320 till 9th April when it finally broke above this resistence.
However it soon stall a few days later and then "crashed" all the way back to test 316 on Tuesday and rebounded strongly from there the next day (ie yesterday). A break above resistence and then a retest of this level a few days later has now establised that the resistence has now turned into a support.
The odds of LULU continuing the uptrend is good (plus RSI is still above 50) with new found support around 314-316.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
LULU 🌦LULU forecast was sublime. Too bad I didn't buy calls. I was in so many calls in different stocks anyway. Oh well!
If you like what you see why not support us?
👇
Upside potentialStrong support: $295
Upside Target 1: $344
Stop loss: $317 (or below 200 ema)
Target 2: $373
For self-education use only. Not financial advice.
Buy some LULU yoga pants for your momLULU broke out of the downtrend. With mother's day coming up, retail should pump and who doesn't want to buy their mom some expensive yoga pants
$LULU 04/18/2021I expect a pullback for $LULU based off volatility index and the fib spirals.
they were valued too high and this is a natural pullback.
Although i love this company I would buy anything in the green box and I expect a bull move after closing in on bottom of fib retracement bands.
LULU setting up for a moveLULU has multiple time frame squeeze
30 min , 78min , daily
Currenlty in Up Trend with wolfe wave on the daily.
Small Gap at 330 level. This would be short term Target
LULU breakout level!LULU is squeezing on multiple time frames and is getting ready to fire. We are also in a wolf wave pattern with a price target of 350.70 (green dotted line). Today, it formed a doji after a full body candle on the previous day which signals a bullish uptrend ahead of its earnings. We might see LULU get into the earnings run soon!
Looking for this wolf wave to pan out in the next couple weeks. If you're planning on getting into this option trade, I'd go 2-3 weeks out. I'll update this as we go.
Suggested contracts:
LULU 4/30 350C @ 1.25
LULU 4/30 340C @ 2.40
$200 jogging pants I have a 345 april 30 call set to expire, this thing decided to actually participate in the free money chase to the upper right quadrant. What a turd after earnings. record quarter and the street got all pissy about guidance. So then tell me why the S&P hits a new record daily, d bags. PT 360 would be nice, but will take 353. nobody going back to the office, just buy another pair of this elitist crap and get me a win finally.
LULU breaking outLULU Broke out a little on Friday from its downtrend. Still near the 50 day MA so we'll see how Monday plays out. If we can hold above that there's probably more upside. Maybe we can get a flag on this trendline and go for another breakout.
LULU downtrendingLULU has been in a downtrend since the end of last year. I'm looking for a play at the top trendline which is being hugged by the 50 day MA. I'm interested in shorting it once it gets there again. If it ends up breaking through strongly, will flip sentiment to long.
$LULU with a Neutral outlook following its earnings #Stocks
The PEAD projected a Neutral outlook for $LULU after a Negative Under reaction following its earnings release placing the stock in drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Pull Back FishingLooks like some were not happy with earnings.
There was a possible head and shoulders pattern prior to the deep pull back.
Now there is a falling wedge which can be bullish when price breaks up and out of the upper trendline. A falling wedge slopes against the trend and converges at the apex. LULU has not broken upper trendline of the wedge.
The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern.
The differentiating factor that separates the continuation and reversal pattern is the direction of the trend when the falling wedge appears. A falling wedge is a continuation pattern if it appears in an uptrend and is a reversal pattern when it appears in a downtrend.
Falling wedges are formed
No recommendation
LULU🌦NOW is a great time for long call LULU.
➡️Pattern recognized:
Regular flat
➡️Hypothesis:
Bullish
➡️Catalyst:
Earnings was great.
➡️Conclusion:
LDC signalling upside, time to long call LULU.
***This does not constitute financial advice.***
If you like what you see why not support us?
👇
Turning point for Lululemon nowlululemon
Why it was founded?
Founder Chip Wilson heard people talking about yoga 3 times at 3 different places, that thing will become a trend. #principleofthree
Why it will become success?
a. unique, low cost and sticky marketing technique - community marketing (Yoga teacher=brand ambassador)
b. good quality cloth technique - seamless sewing machine from Japan
c. Combine of two unique items - Athlete + style; healthy lifestyle that is getting trendy nowadays, and people needs style when doing exercise.
<>
Technically, it broke out from range 40-80, climbing up on the uptrend channel, and it is forming a reversal (look like M shape reversal?).
However, Mar 2020, it fell sharply due to pandemic, Mar 2021, it has rebounded strongly within a month.
Will it
A) continue to renounce and reject the M reversal?, or
B) unable to break resistance and trend down?
