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Lululemon Athletica

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LULU trade ideas

Lululemon Swing IdeaLululemon is ready to continue running after recent positive earnings imo. - Double bottom at $282 support level - Positive earnings call on 3/29 - Strong Balance Sheet - Increased Relative Volume with bullish selloff after initial pop. - PEG Pattern (maybe not enough accumulation leading up to earnings) - 200day ema support - Recent insider buying - Bull Flag formed - Next pop to $406 level for ~12% swing. Could go higher if volume increases. - Using 200day ema and $354 as risk level
NASDAQ:LULULong
by Dirte
Stock may headed back toward All-Time Highs.Between March 24 and March 30, Lululemon soared 27%, which created the pole of the bull flag pattern. Since then, the stock’s daily trading range has tightened into a triangle, which has formed the flag of the pattern. If Lululemon breaks up bullish from the upper descending trendline of the flag on higher-than-average volume, the measured move could see the stock trade up toward the $462 level, which is in range of the Nov. 16, 2021 all-time high of $485.83. The stock is set to hit the apex of the triangle on April 12 and traders and investors can watch for a break from the triangle pattern over the next three trading days to gauge future direction. If Lululemon breaks up from the flag formation, the stock will regain support at the 200-day simple moving average, which will indicate long-term sentiment has turned bullish. On Thursday, Lululemon was trading on lower than average volume, which indicates consolidation is taking place, which aligns with the theory that the bull flag pattern is in play. By late afternoon, only about 872,000 shares had exchanged hands compared to the 10-day average of 2.43 million. The consolidation within the bull flag pattern has helped to drop Lululemon’s relative strength index to about 65% from the 73% level the stock’s RSI was measuring on March 30. The drop in RSI allows for Lululemon to trade higher if the stock breaks up from the bull flag. Lululemon has resistance above at $383 and $412 and support below at $367 and $347. Bullish traders will want to watch for a break up from the upper descending trendline of the flag formation, on high volume, for an entry. When a stock breaks up from a bull flag pattern, the measured move higher is equal to the length of the pole and should be added to the lowest price within the flag. A bull flag is negated when a stock closes a trading day below the lower trendline of the flag pattern or if the flag falls more than 50% down the length of the pole.
NASDAQ:LULU
by AxiomEx
LULU app.ortex.com According to ORTEX, there is (7.3%) EPS Price divergence. Considering the recent rally, it would not be unreasonable to expect some profit taking within the next few weeks. Again, FOMC meeting is coming up in a few weeks time and we are dancing to the same tune again. Inflation is not transitory. I would be interested to see if the price falls to $340-$350 area by 21 April 2022. Happy to hear everyone's thoughts. If you are going to type rubbish, I will report you.
NASDAQ:LULUShort
by Trader_Soheil1986
Bullish SharkEarnings were today after market closed. Possible stop under C or where you see support. Under pocket pivots/green triangles/can make a decent stop. The definition of a Pocket Pivot is the day’s volume must be larger than any of the down volume days in the prior 10 days. Pocket pivots are a way to identify institutions’ footprints within a base or an uptrend. This buying will leave behind a volume signature, and that volume signature is called a pocket pivot . The Bullish Shark is labeled OXABC and peak 2 is higher than peak 1. The Shark is considered a pattern of price exhaustion and there is also a bearish version. The shark should have it's final leg (BC) end at the .886 or the 1.113. This one hit between these 2 fib levels. There are also 3 bottoms (blue stars) close in price. The first and lowest one is 269.28. Several bear flags on the way down denoted in white. Short is 2.2%. LULU is known to be volatile. No recommendation.
NASDAQ:LULULong
by lauralea
$LULU Another View$LULU Another View Here’s another view I just want to save it for my own tracking purposes… sorry for the duplicate… Well, both targets 1 and 2 hit since the last post… so I’m going to be looking to sell some puts at 291… 25 Feb 290 is looking good. Though I might start looking into march sooner than later… I’ll update when I take a position on way or the other Also a long trendline support (blue line) I do think that 291 looks like it would be max pain... might not hurt to have an open buy order at that level... Definitely on my radar for next week… —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!! (\_/) ( •_•) / >🚀
NASDAQ:LULUShort
by SPYder_QQQueen_Trading
5
$LULU Target 1 & Target 2 hit… $LULU Target 1 & Target 2 hit… Well, both entry targets 1 and 2 hit since the last post… so I’m going to be looking to sell some puts at 291… 25 Feb 290 is looking good. Though I might start looking into march 🤷🏻‍♀️ … I’ll update when I take a position one way or the other, likely next week Also a long trendline support (blue line) DEFINITELY on my radar for next week… —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!! (\_/) ( •_•) / >🚀
NASDAQ:LULUShort
by SPYder_QQQueen_Trading
1