33L trade ideas
Short this beautiful H&S daily on LULUMy opinion, not a recommendation.
To me, the pattern is clear: Head and shoulder on daily time-frame. It closes today below support, all the 'people' above will trigger stops.... IMHO
SL 150.42.
LULU ShortLULU tested 149.78 (fib 0.5) resistance and found support at 141.80.
If it cannot break 147.89 or 149.78 as we approach earnings then the inverted H&S pattern would not be confirmed and LULU can head south to 135.71 - 131.9 especially if it misses earnings at 3/28 (gap fill from Sep 19).
Bearish shark reversal in progressA little late to the party here but this one should be shorted on any kind of pop until earnings. Went w/ March 22nd puts since IV made the 28s too expensive.
Looking for 0.5 retrace at completion of H&S at the bottom of the current down channel.
LULU: I have never failed in this name trading.Wait for this to come down (price marked). Then buy long calls and you welcome.
Apr 18 - LULULULU 18-Apr-19
IV30: 52.2, IVR: 92% (Elevated)
Bear Call Spread / Call Credit Spread
+0.24D Long 1 Call: 160 Strike @ $2.81
-0.32D Short 1 Call: 155 Strike @ $4.13
-0.08D Credit: $1.32
PCR: 53:47
scalp if gap down at openThis turd has a tendency to gap down at the open. H&S target should complete at under 139.20 which puts in the PRZ of a bullish butterfly (137-139). Target 146 or so @ .382 retrace. Textbook fib ratios all around on this butterfly.
LULU H&S and/or Bear FlagUpdating, now that it's tanking.
Goes to show why I don't like to short in this market, you never know when it's going to break. Looks to have one more leg down to $140 -141 area.
No position, watch out for earnings later this month.
Lululemon Athletica (LULU) - Head and Shoulders - ShortWith the head and shoulders formation we could see continued downside.
LULU Bear Flag?Looks like a bear flag on the intraday, H&S on the daily.
I still don't recommend shorting any stock, but looking to buy LULU before earnings on March 26th. If this pattern follows through, I'm buying at the 50 DMA and adding at 200 DMA. As stupid as the market has been acting, I would not be surprised if this double tops on earnings.
$LULU bull-flag runnerBeen trading this setup nicely since the Q4 2018 dump
$LULU has great relative strength and is setting up a beauty bull-flag
Targets are the fib extensions off the flag
Calls in the 155+ range seem reasonable
Booked 109% in one day hold. just one of those things that worked out. Bot yesterday before BO. Trimmed calls by 1/3 as sill positive. re-couped 75% of our investment.
LULU-flagSymbol LULU
setup flag
Upcoming Earnings Jan 29, 2019 (EST) Mar 26, 2019 (EST)
Horizontal S&R: yes
Channel S&R: no
MA S&R: yes
>200ma: yes
Volume confirmation: ok
Candle Confirmation: yes
Stoch Divergence: no
Reg Trendline >85: no
Short Float: 4%
Entry 153
Stop 143
Price Target 173
Risk / Reward: 1:2
Zacks Rank: 2-Buy 2 Style Scores: F Value | A Growth | A Momentum | B VGM Industry Rank: Top 7%(17 out of 255) Industry: Textile - Apparel
Any feedback is welcomed.
Lulu at the top of the channel from ATHLikely to get a reaction down
SPX also at 200DMA. Loaded up on lulu puts!!
went long Mar 1 152 1/2 calls @ 3.30I like the momentum on this one. IMHO, may test October's highs of +/-162..
$lulu #lulu long$lulu #lulu long, 160 next week? Cup and handle in motion, 6 month cloud almost stepping out.
