LULU trade ideas
Short LULU opportunityLULU seems like it's about to break it's near parabolic or soon to be hyperdermic ascent. The $130 CupnHandle (CnH) target was met recently.
Risk reward looks promising. I could see one more upthrust at most by the composite operator.
Targets shown.
$LULU Short Reasons for taking this trade
127 as served as both support and resistance for $LULU.
Noticing the pinbar on the hourly TF, I am going short.
Take Profit Levels
124$
Stop Loss Level
127.72
Risk to Reward
4.39
LULU:Pre Earning wasn't the right time to short LULU. Post earnings could jolly well be the best time to short LULU Baby. Reached a perfect 4.618 extension and promptly rejected.
POSSIBLE SHORT FOR LULU AROUND 124 HANDLEI'll be shorting LULU around current levels with a stop loss around $127.50
LULU LEMON has had an incredible Q1 and Q2 explained by top line growth, stock returns, and lower production costs due to cheaper materials. While these are certainly factors that can explain growth, I'm skeptical that these factors alone have created the virtually geometric change in ascending base-trend lines since Q4 2018. Even if this is possible and my skepticism is unwarranted, I'm not sure that the most recent jump from 104 to the 125 handle is explainable by such broad terms. Which is why I am shorting as per above.
While I also think that this jump will retrace to one of 3 ascending trend lines as per the chart above. I expect at least a retracement to 104 before we resume our upward price movement. I have also shown a couple of more bearish scenarios where we could lose our most recent uptrend, but I feel 104 is the safe place to exit. I may even stagger my exits around 110, 107, and 104.
LULU week of June 4thLike many stocks, the more they Gap up the more there is profit taking when the market opens.
LULU is no exception.
If we go all the way back to Dec 2016 earnings LULU was Gapping beyond what a bag holder could resist selling. I suppose this brought the bears in.
But if you look at LULU's latest earnings the Gaps have been below the 10% level and therefore had room to move on an intraday giving some nice
trades on the long side. Friday was an up day for the market and as the SPY rose on strength so did this ticker that has a privileged earnings date, (when the storm has mostly passed).
Volume was super strong ( Look at that volume bar) and Lulu marked one of it's strongest days period.
Folks wanting to short this high riser should be extremely cautious. The fundamentals on this company are very favourable and a lot of institutionals who weren't already holding may take a look in the next 2-3 days and see if LULU can hold it's gains as it has recently.
Some profit taking is likely at the Monday open and at resistance levels but I would wait and see. I think the first dip gets bought and we're off to a higher close tomorrow setting the tone for the week and the quarter as the seasonality plays into LULU favour as well.
I'm sure Buffet already bought a bunch last quarter.
LULU and Great Q1So, LuLuLemon made a great report .The result of this report exceed the expectation , but reaction in 16% had been unexpecting .Good report , good market UP day and no bad profit . In fact I dont write this essay for everybody , I write it for mysels , but for me should be very pleasant if my modest advices help someon to get a profit! I wish your following trend !
LULU: Earnings on May 31. Wave 5 is already 1.618 extension of Wave 3. It would take a huge earnings and sales beat to make it go up further.
Short at WillThis one is coming down. RSI falling, MACD cross over and a gap to fill at 80. Give it a month or two.
LULU Short - Three Gap Ups on DailyLULU is overbought with three gaps up in a row and it is time for profit taking.
*This information is to be used for educational purposes only.*
Short LuLu PT 85.50 within the next 3 monthsThis is at a 9 year, 3 standard deviation high and is extremely over extended expecting reality to set in somewhere near. 84.00 a share putting it still at the 95% for 9 nears but at least it should have wiggle room for more up there.
I wouldn't touch it till August/SeptemberLULU so far has an immensely strong patter making new highs , however it's entering a corrective phase that we have to wait to see what it brings.
In a about a month from now LULU announces earnings so we definitely have to wait and see for that as well.
If LULU keeps strong and doesnt manage to break any significant supports like VTLs or cycle lows , and does only minor pullbacks to 38.2 and 50% fibs and in general keeps this positively
configured patterns I will be all over the stock to the long side but not right now.
Important lows should be formed later summer . Right now I have no clue about the stock . It could easily keep going up with the expectations of the earnings coming up next month or just chop around .
What I am seeing is my important supports , and how the stock reacts the next couple 2-3 months .
I don't see a great opportunity there so far.
I wouldnt long it either short it. Just watching it.
LULU at infliction point with ER coming IHS in the making? long term trendline (with some overshoots) and with star lining up IHS in progress...
LULU - Swing tradeIf it gaps above my enter line - NEEDS TO GAP you can enter for a swing trade. This gap is trapping a ton of red candles. I love trapping people!
LULU: Breakout confirmedLULU broke out in December 2017 after posting solid earnings, and has been building a base since, below 82.
The 82 resistance has been tested multiple times before since 2012, but the stock had always failed to close above it.
Yesterday, the stock finally broke out AND CLOSED above its $82 resistance.
This is a signal to buy the shares.
From here, we look for:
- The stock to remain above 82;
- Volume confirmation (pickup) above this level;
- A next threshold to break and close above the 82.50 historical high.
This is the trade setup post breakout:
- Buy the shares at the market today
- Next targets $82.50 then $88 then $92 then $105/share from here
- Stop loss at 78.5 / 76 / 72 / 68 / 64 depending on your risk appetite
LULU: Breakout imminent?LULU has been toying with its historical high around 82 since mid 2013...
It is now back there and attempted yet another breakout above its historical high as late as last week.
It has also been building a base since Dec 2017 towards the very top of its current range.
All these elements make a breakout more probable, but not guaranteed.
I would watch and interpret any close above 82 as the first sign of a proper breakout - And a compelling reason to buy the shares.
I have prematurely purchased the shares last week on an intraday break of 82.
