LULU Bullish OutlookKeeping this one simple, I think Lulu is poised to retest the trendline after earnings. Resistance area around $315-$322.
Not financial advice, good luck to all :)
LULU trade ideas
Symmetrical TrianglePrice completed an M/Shark pattern which reversed at the .886 of OX.
The shark helped positive price movement temporarily but this was bound by trendlines of the triangle.
Price is beneath the triangle now.
The Shark is labeled 0XABC.
Earnings 3-28.
No recommendation.
EPS (FWD)
9.92
PE (FWD)
29.57
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
2.52%
Market Cap
$37.39B
Bought the reboundTrading the price movement inside the big triangle. As long as there is no prolonged close below the SMA 200 (red) I'm leaning bullish here.
LULU (LULULEMON)- either way... waitingLULU (LULULEMON)- either way... waiting for a signal to confirm which side will go.
BearishDaily triple top pattern. Looks like it's ready for the next leg down. There is some support around 310.65'ish. Ideally I would like to see price break through this level as well as trendline support.
Symmetrical TrianglePrice has bumped in to the old neckline from a prior H&S pattern.
T1 met. T2 is in smaller type then T3 is in even smaller type.
Earnings are 12-8 AMC. This one usually beats earnings but it will depend on how the market is feeling at earnings date.
This is a high end retailer and I love LULU, but nothing is cheap. They say the rich (which I am not) do not feel inflation and recessions like the middle and lower classes. I guess time will tell.
No recommendation.
I also see a bull flag a little while back.
$LULU - Head & ShouldersIdeally the neckline would slope upwards instead. Still a beautiful pattern ... in formation.
No breakout below the neckline yet.
This breakout could be exactly the trigger which the bears are looking for to trade this downtrending market.
For the bears still, watch out for the two ugly bullish candles that arose at the end of the year. Volume below average but the candle size is threatening anyhow.
Cheers,
Bye Bye Lulu (Just in the near term not forever)A break back below $295 spells trouble for my favorite pair of leggings.
Good risk/reward set up as we are consolidating below structure in a bearish way.
H&S topping pattern in the making after a long term (TCT) Thrust, Consolidation, Thrust has played out on the monthly.
Lulu has over-produced based upon last earnings call with inventory rising 85% and if we are nearing a recession then more downside is to come for this beloved brand.
In addition, Viori has emerged as possible competition for LULU by taking some market share, especially amongst middle to upper aged men. (I know this isn't the target market for Lulu but more and more women I know are giving it a try.)
On the weekly:
I've got an alert set up for a break below the solid turquoise line
Massive LULU ShortI'm extremely bearish on Lululemon.
I have no idea how the price remains this high. It's an overvalued stock compared to it's sector and it has a fat head and shoulders formation on high timeframes.
I can see it coming down below $200/sh.
Come as You Are.Sometimes we just go with the flow.
Gr8 Stock.
Good luck/You make me feel like I am free again.
LULU re-test and dip below $300 likely on the way very soon...USING HEIKIN-ASHI CANDLES on the DAILY CHART
- Heavy selloff after earnings on December 8, 2022 - changing short-term technical sentiment from bullish to bearish, and long-term technical sentiment from bullish to neutral.
- Broke below key trendline on December 14, 2022 with bearish signal courtesy of Lux Algo.
- Dipped and closed below Trend Regularity Adaptive Moving Average Line - a.k.a. the yellow line in the chart screenshot - with force on December 19, 2022 - changing short-term technical sentiment from bearish to very bearish, and long-term technical sentiment from neutral to bearish.
- Relative Strength Index close to convergence at 40% , which could act as additional resistance.
- Double Top rejection below the Trend Regularity Adaptive Moving Average Line , which provided a strong confirmation for short trade entry and stop loss (above TRAMA line at $321) .
Exit target for profit-taking:
- $300 (whole number general buyer reaction anticipated)
- $277.5 (current swing low)
LULU - Short OpportunityTechnical Analysis:
A bearish head and shoulder pattern has emerged and a short signal appeared. A break below 273.6 would be a clear confirmation of long term downtrend.
Fundamental Catalyst:
LULU inventories increased 85% in Q3 2022 compared to Q3 2021. With over 60% of their revenue coming from retail, LULU will continue to face immense competition from e-commerce sellers of athleisure wear that offer equally good quality apparels but at more affordable prices. The recession will likely hit the company hard. LULU has been underperforming in the retail sector index.
Will observe the price action for the next few days / weeks and update when there is an entry opportunity.
NASDAQ:LULU
$LULU - breaking down below $182 would be badLulu looks like it's still playing out H&S with the neck line at $282.
Breaking down below $282 neck line will be bad and could send the stock to $247 again.
The full measured move for the break down is $75 and it is quite hard to imagine the stock going down to that level.
I am neutral. 👀ing for opportunity to load.
——
Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
$LULU BUYS Looks like $LULU is making higher highs and has smart money at my OB where the buy limit is in place looking to get a $95 move over the next 2-5 months
$LULU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LULU after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
Lulu. Short sale for earningsResistance and looks like a head and shoulders
This is a counter trend trade
Pe is too high
Trade at your own risk
Pt 280
Holding the Breakout Since breaking out of its cup with handle base LULU has held above the breakout level and the left side high of the base. That is something that we haven’t seen much of this year. LULU has formed a nice flag with a multitouch trendline. If LULU can push above the trendline it is actionable
LULU | InformativeNASDAQ:LULU
If it passes the bearish line it's time for a short position, and if it passes the bullish line it's time for the Long position, the price targets are on the chart.
Short LuLu Head and Shoulder It's not investment advice but it seems to me a head and shoulder. 20% gains possible
