L1UL34 trade ideas
LULU - 8.49% Potential Profit - Ascending TriangleClear uptrend Support with an Ascending Triangle formed within.
Target price set at a new potential resistance line.
I suggest entering with a Buy Limit order. If limit is not triggered, I wouldn't chase the run.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $332.94
Suggested Stop Loss $326.66
Target price $361.20
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Analysis on Lululemon Athletica - a Canadian Retail CoFundamentals are very good. The company is well run aside from cash flow.
I would be very patient and hold off longing until the price finds itself near support at $320.
Great run company, just terribly expensive right now for some reason.
It can go higher yes, but I think the further upside potential is not good enough to chase it for.
$LULU Rising Wedge - Short$LULU Rising Wedge - Short
Up almost 4% today on average volume and no real news. Shorting this move for a retrace back into the $320-$325 range at least.
lululemon athletica daily analysisHi friends
the daily chart of this market shows that it will experience an uptrend also it is better to be vigilant of the change of this market towards the opposite direction
thank you for subscribing to have more analyzes
Options trade LULU LULU has been on tear lately but a bit under analyst average price ratings.
It has had a double top and broke though it.
I did an options trade for expiry date of Dec 18th, 2020, 1 contract call option at strike price of $350.
If I watch the share price continue to rise, I will keep the option until such time that momentum dies down and it starts to dip. I am keeping an eye out for the earnings in August as well. I am thinking it will reach 340ish and start to dip a little bit.
LULU - Breakout$LULU
Flag and rectangle breakout.
I will place a buy above rectangle box around 326 for a 25 $ move minimum being height of box.
If results are good during this move then flag target possible. Another 50 to 25 $
on the whole a good setup.
Also check out ABT. similar looking chart setup.
LULU False BreakoutLULU has had a false breakout and then closed beneath the breakout level on high sell volume. This is a reversal sign. Looking for a pullback to the $300 level.
LULU Potential Long SetupLULU longs fought hard to take out that 325 level, and their award is a new base of support. As LULU consolidates over 325, it could possibly see a strong upward move to confluency at 350. The moving averages are in consensus for an upside move.
Fundamentally, LULU is undervalued at current prices, with new analyst price targets showing a $355 estimate.
Bulls need to hold 325 for this move to sustain.
#LULU in DooDooRSI Divergence on the highs after all time highs hit today. Possibly loosing some steam. Volume contracting.
LULU Potential BreakoutLULU has had quite a run since March and has hit my scan based on the consolidation phase. A break past the orange horizontal line with confirmation volume could indicated a price target potential of ~ +8-10%. With low IV, debit call spreads may be a trade that I execute upon price & volume confirmation.
$LULU - LongLooking to go long once above key levels.
Using fib extension. 100% fib level is my first target.
$LULU bull flag type pattern is formingAfter a huge run up $LULU has been consolidating within a range since June. It's been holding its 8EMA and looks prime to break out to ATHs. I'm in a call spread.
