33L trade ideas
Holding the Breakout Since breaking out of its cup with handle base LULU has held above the breakout level and the left side high of the base. That is something that we haven’t seen much of this year. LULU has formed a nice flag with a multitouch trendline. If LULU can push above the trendline it is actionable
LULU | InformativeNASDAQ:LULU
If it passes the bearish line it's time for a short position, and if it passes the bullish line it's time for the Long position, the price targets are on the chart.
Short LuLu Head and Shoulder It's not investment advice but it seems to me a head and shoulder. 20% gains possible
LULU daily bullish hammer at long time supportOrder BUY LULU NASDAQ.NMS Stop 300.60 LMT 300.60 will be automatically canceled at 20230401 01:00:00 EST
LULU daily bullish hammer at long time support conservative stop, quick 1.2R countertrend
$LULU GAMEPLAN I am looking for a pullback on LULU here around 284 and if not then 297. Once we have a confirmed rejection off one of those lvls we can snag some puts and we can go for a short position
QuickTrade n. 39 on LULULooking for a continuation of the most recent breakout.
The short side sees a pullback AT LEAST on the 50h
$LULU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LULU after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
LULU shortLULU pi RSI is at 100 on the 1hr chart. A short entry trade is on my radar. Especially going into next week's macroeconomic Calendar events.
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
US Stock In Play: $LULU$LULU - Consumer Cyclical | Apparel Retail
breakout of year long bullish wedge pattern, retaking its 200MA, AVWAP from ATH and YTDH with higher lows since late may'22.
latest ER on 1/9 reports continual YoY growth for both EPs (+33%) and Sales (+29%)
Earnings watch 6/2Earnings watch 6/2:
DLTH
PD
RH
OKTA
HRL
TTC
LULU
CRWD
COO
LE
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
LULU: Fade the rally!Lulumelon Athletica
Short Term - We look to Sell at 329.26 (stop at 346.16)
They reported better than expected earnings and the stock jumped up premarket. The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 332.00. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 284.68 and 272.00
Resistance: 332.00 / 410.00 / 478.00
Support: 283.00 / 246.00 / 129.00
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9/1 - Lulu Pre-Earnings Analysis Higher probability of downside move with Lulu earnings scheduled evening of 09/01:
1. Multi-month head and shoulders was cleanly pierced and then retested with downward pressure from its base.
2. Multi-week down trend off of 200 SMA.
3. Multi-day weakness leading to today, with overall rounding of price to the downside.
4. Multi-year support would occur around 245.
5. General market weakness and downward revisions from retailers.
Conclusion: Earnings volatility on 09/02 could see test of $245.
$LULU calls WE HAVE Basically already closed above resistance here WE NEED 1-2 candles on the daily above this lvl to ensure that this isn't just a fakout! There is a lot of range above resistance that we can play with
LULU Base breakoutLULU getting near base breakout. If market stays strong next week, LULU can breakout over 313. Keep in mind that market is extended for now. So risk is elevated for longs here compared to last 2 weeks.
AUG 5 220C can work
Bearish Wedge Sell Points (in red)Two different types of Wedges both showing a similar sell point entry
The sell point is right below the wedge, so if a breakdown occurs, a retest and consequent rejection follows
This is common between both wedge patterns
From personal experience I have seen Rising Wedges act more bearishly than Broadening (megaphone) structural wedges
However both of them have the potential to be bearish.
ASCENDING TRIANGLEInteresting accumulating area that could end up being an ascending triangle bullish pattern if price closes above 307 resistance level, suggesting a long with 1.8 R/R.
Bullish divergence is also seen.
breakoutInteresting accumulation area that would suggest a 1.8 R/R in case of more upward pressure to develop further after the resistance break
$LULU with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LULU after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
LULU inside weekInside week on LULU and also forming a triangle pattern. Top of the trendline and 50DMA are pretty close to each other. Most of the names had inside weeks last week and we have FED on Jul 27th. The only thing i am thinking about is if market moves past its range this coming week or the week after when FED makes an announcement but nonetheless these setups can be played either way.
If LULU breaks out, JUL 22 295C can work. There is a gap to fill 293.39 and then another gap 297.50 - 302.13 which can be targets
If it gets rejected from 50DMA or top trend line can try 280P for a trade down to the opposite side of triangle.
LULU - Above Up Channel LULU has formed a megaphone pattern above the top of a dominant up channel
This up channel may act now as support on this 3D chart
Earlier price formation shows a symmetrical triangle
BOS CHOCHBreak of structure /Change of Character
Break below lower high. When price goes from new Higher high + break of structure low = Changer of Character
Waited for pullback on 30min chart.
Brought puts on continuation lower than 30min pullback candle.
