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LULU trade ideas

This LULU Is No LemonLululemon Athletica (LULU) Another blowout quarter for the company, with the stock strong after-hour (yesterday) as well as in today's session. Exactly 2 months ago we recommended banking this one 12% higher following a 1-month run. Now, 3 months since the original idea, the share is up nearly 30%. Our original ideas was both technical and fundamentally based. Bottom Line: Sometimes, holding on to great names, with strong earnings can produce a stellar results. I like seeing clients bank their profits, but sometimes, stocks that keep running is even better. Don't sell too soon, you could be missing out. Original idea, and follow-up is attached.
NASDAQ:LULU
by LD_Perspectives
Cup and HandleLULU pulled back to under long entry level after a few rainy days in the market. Price found a form of support just under long entry level at 381.95. I plan to hang but could be a bumpy ride. The hanging man candle is only a hanging man at the top, and is a hammer at the bottom. The hanging man like the shooting star can signal a pull back or possibly a change in trend. There are 2 hanging men and price did pull back, but this candle does not always signal a pull back. Just something to be aware of. Bullish engulfing candle today. Price was also outside the top band when the pull back began. Price eventually returns to the bands. No recommendation.
NASDAQ:LULU
by lauralea
Cup and Handle Overbought on daily RSI set at 80 verses 70. Not overbought on weekly or monthly. Has passed long entry level and has surpassed former long term high. Price is outside the top band set on an 80 DMA and 2.5 standard deviation. Standard bollinger bands are set on a 20 dma and 2 standard deviations. So there is a lot of momentum and very bullish. Price does return to the inside of the bands eventually. When price is over the top band on this setting, it is almost always overbought on RSI. Securities can remain overbought for extended periods of time. I already own this, but will wait to buy more, but I do not plan to wait too long unless I see signs the trend is ending. The trend is your friend until it ends. Securities can also remain oversold for extended periods of time, and can mean there is a lot of supply, or buyers, at the level that the oversold oscillator becomes stuck in. It can feel like eons sometimes. You know, the bottom dwellers or pull back dwellers that feel as if they will never move? The second a security is oversold is not always the best time to buy. Every security is different though. No recommendation. I am not saying LULU is a super nova exploding in the sky, but sometimes it is hard to buy a stock, and especially a high PE stock when you see price exploding in the sky. There have been quite a few rocket stocks in the last year that felt like they would never come back to earth. But sometimes when the deep pull back comes after a "rocket" stock flies, it can be suicidal to jump in.
NASDAQ:LULU
by lauralea
3
Cup and HandleTargets 1 for inverse H&S 395 408. Cup and handle targets are listed on chart. ABC Bullish Targets 1 are 352 362 and have been met. Long term targets for ABC pattern, if momentum continues this far are 402.5 to 429 Long term high is 399.90. This is trading in 3 patterns but no great horizontal trading zone to call a handle is evident as of yet. I drew a green lines where I see support. LULU is volatile and can move quite a bit daily as a rule, both up and down so be patient on long entry if you like LULU. Maybe try not to chase it as sometimes it is hard to catch it. She runs both forward and backward at a fast pace. It is one that I keep but try not to stress over on bad days ); It has been a while since LULU had one of those painful pull backs. Ruh Row lol. LULU is over the top Bollinger band set on a 80 moving average verses a 20 which shows extreme buying pressure and but has been riding it for several trading days. Bullish scenario but depends on your tolerance. Usually price returns to the interior of the bands. Keeping an eye on overbought levels. RSI is on 80. When I first started trading, I got the terms overbought and oversold mixed up a lot. LOL. One day I decided to use the B in overbought to help me remember the B in "Bad" as to remember OverBought conditions can be a Bad time to buy for me as I am a swing trader and an investor, not a day trader. If you read my posts it is important to remember I do not look at securities like a day trader would. Some folks like to scalp stocks and do not mind overbought conditions. We are all different and sometimes you have to play it by ear. Oversold is a good place to buy sometimes but in a bull market these levels can be hard to achieve for some securities. When a security remains oversold for extended periods, below 30 on RSI or whatever indicator you prefer for oversold conditions, it is possible there is a lot of supply at that level. In other words, lots of folks bought the security at the level that the oversold indicator gets stuck at. By the time it gets to oversold levels, the folks who bought at that level can be in a panic and selling due to fear it will go even lower. So they sell to break even, for a small gain, or for a loss. The longer the security stays oversold causes more and more panic. Folks lose patience and are like "will this dang stock ever move?" Patience can be a virtue as eventually the last group of sellers will sell. When the last seller sells, and there are not many sellers left, then you have buyers. But for me, it is just not optimal to have your money tied up in a long oversold ordeal because you can not use the cash to buy something that is moving. Securities can remain oversold for a while just like they can remain overbought for extended periods of time. Some look to sell when overbought on daily, weekly and monthly indicator levels. Many prefer buying only when an indicator reaches a certain level..ie over 50 on RSI. I do not use a lot of indicators but I do like Bollinger bands and RSI set on 80 and 30 in a bull market. There are so many indicators, the Awesome Oscillator and Volume Weighted MACD are also indicators I like when unsure. I always look at negative volume and keep it in my volume window in TOS (Think or Swim). I look at short interest as well. As a rule, I do not like the clutter of a bunch of indicators though. We are all different. Negative volume is high. Short interest is low. Knowing what type of trader you are is important as you can develop your own edge in the market. I have realized over time that I am a pattern trader, obviously. No recommendation. Risky I suppose, and since I teach yoga, so I am probably partial. Go with your gut (o:
NASDAQ:LULULong
by lauralea
The triangle of LuluLululemon Ahtletica inc. is an American company that is expanding all over the world and that produces and sells sportswear specialized in athletic activities and yoga. Given the type of sport on which it specializes its business has not suffered in a marked way even the period of covid because millions of people forced into the house have bought their products online for the activities of Yoga conducted individually in their own dwellings. Its constant growth in turnover during the years really frightens and, despite its price is well beyond the fair value, according to some sites that I use for fundamental analysis, its price seems to still aim high, also helped by large-scale investors who seem to be increasingly interested in the company. Here is the movement for which Market Miracle, the algorithmic advisor that identifies and categorizes the incoming and outgoing capital from an asset yesterday generated an input signal of 362.5 USD with a target of 407 USD or with a potential profit of 12.3 Graphically the price seems to be trapped in a triangle pattern due to its situation of over-bought over the long term but it does not really seem to scare the price action towards a further climb. This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling down this page.
NASDAQ:LULULong
by MarketMiracleAdvisor