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LULU trade ideas

Re-Entry - Buy LULU - 5th wave pivot identifiedRe-entered Lulu here at 446. The continued downward trend followed the ABC subwave from the previous entry (white circle) and now has the support of the bottom of falling wedge pattern. Price reversal and pivot from the end of wave 4. Buying (again) today with 1% allocation. Open @ 446.5 TP @ 509 c.14% ‐--‐----------- Strategy: Based on Elliot wave theory, pivot points and classic chart patterns. The 5th wave pivot strategy identifies the last impulse of the Elliot wave sequence. The 5th wave can be equal to the 3rd wave or extend to the 1.618 Fibonacci level. Entry: A position is taken when a pivot point is reached at the end of the 4th corrective wave and the price reverses. This position is also confirmed by bouncing from the lower bound of a chart pattern or from price support level. Exit: TP is taken from top of wave 3 or the previous resistance level.
NASDAQ:LULULong
by HolleyIG
Lululemon Pulls BackLululemon Athletica ended last year by climbing to new record highs. Now it’s pulled back, and may draw attention from dip buyers. The first pattern on today’s chart is the December 8 breakout after earnings and revenue beat estimates. LULU has given back most of the gains and revisited the pre-earnings closing high. Will old resistance become new support? Second, the retailer formed a hammer candlestick around the same level. That may suggest buyers are stepping in. Next, the current price area has potential confluence with the 50-day simple moving average. Fourth, stochastics have dipped to an oversold condition. LULU may need to stabilize for a few sessions given its drop since December. If the current price zone holds, longer-term trend followers may look for a continued move to all-time highs. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:LULU
by TradeStation
Lululemon's Strong Holiday Season Signals Power Move in Retail Lululemon Athletica Inc. emerges as a standout player in the retail game, defying earlier cautious sentiments and setting a tone of confidence. The sportswear giant recently revised its fourth-quarter sales and profit forecasts, surprising both investors and industry observers alike. In a move that reflects resilience amidst economic challenges, Lululemon has not only weathered the storm but is flourishing, offering a compelling narrative for potential buyers. 1. Festive Boost Exceeds Expectations: Lululemon's decision to raise its fourth-quarter sales outlook comes on the heels of a holiday season that surpassed initial projections. Contrary to earlier concerns about consumer restraint due to inflation and interest rates, the company experienced robust demand, driven by enticing discounts and strategic deals. CFO Meghan Frank's statement underlines the success of Lululemon's balanced sales trends across channels, categories, and geographies. 2. Strategic Forecast Adjustments: The upward revision in revenue guidance, now ranging between $3.170 billion and $3.190 billion, showcases Lululemon's confidence in its sustained performance. The revised profit-per-share projections of $4.96 to $5.00, up from the previous range, hint at the brand's financial strength and ability to navigate challenges effectively. 3. Online Sales Surge and Margin Boost: The rise of online sales, aided by discounts and "buy now, pay later" plans, played a pivotal role in Lululemon's success. Despite a highly promotional retail environment, the company reports that shoppers are making purchases at full price, contributing to impressive gross margins. This defies the common narrative of heavy discounts eroding profitability. Conclusion: Lululemon's recent performance not only defies industry expectations but also signals a bullish outlook for the sportswear market. The company's ability to adapt to the evolving retail landscape, capitalize on online trends, and maintain strong margins paints a compelling picture for potential investors.
NASDAQ:LULU
by DEXWireNews
Lululemon Could Be RunningLululemon spent more than half of 2023 in a range, but now it could be starting to run. The first pattern on today’s chart is the bullish gap after LULU was added to the S&P 500 last month. The stock pulled back in late October, made a higher low and proceeded to a new 52-week high. That may suggest it’s trying to break out. Second is the range between $415 and $420, near the mid-October peak. Prices have pulled back to test that zone. Trend followers may now watch to see whether it makes a higher low. Can old resistance become new support? Third, you have the rising moving averages. The 8-day exponential moving average (EMA) is above the 21-day EMA. The 50-day simple moving average (SMA) is above the 100-day SMA. That may suggest that both the short- and long-term trends are bullish. Fourth, notice how LULU gapped higher following its last three quarterly reports. Will that keep buyers engaged into the next set of numbers estimated for December 7? Finally, MACD is rising. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:LULU
by TradeStation
LULU is at a consolidation phaseYou can see from the weekly chart that prices are going sideways since 2020, much like a pinball hitting the ups (resistance) then rebound off the lows (support) for 3 years. So, if you had bought this stock in 2020, you probably have a roller coaster ride of being happy and feeling frustrated. If it can breaks out from the current resistance level , ie 387-410 , then we are safer to say it is trending up. However, nobody can say for sure as it has happened in Sept 2021 where it breaks out , only to come tumbling down.......... There are naturally short term traders who are adept at finding opportunities to long and short in this phase but is a RISK you have to take, if your heart can take it. Else, I say sit on the fence and wait or look for better stocks. As I said, buying process is easy, it depends on how much you have (capital) and how much you want to buy and at less than 30 seconds, you can become a shareholder of these companies. The trick lies in the homework prior to hitting the buy button. Always take what others write with a pinch of salt (including mine) and do your own research. Over the years, I have discover the stock market is a good reflection of one's thoughts, psychology and emotions. What you buy, when and why reveals a lot about your inner thoughts at that moment. Hopefully, we made less mistakes and cheaper ones compared to the profitable ones in the long term in order to grow your wealth.
NASDAQ:LULU
by dchua1969
3
Ascending TrianglePossibly heading for support. Spinning top/indecision/at resistance. Engulfing candle/bearish/today. Top line is virtually flat (Resistance) and bottom line slopes up (support) Things can change in a heart beat. This stock does well at earnings as a rule. You can calculate targets by projecting the width of the wide end of this triangle and projecting that measure up or down from the beak point. Loose triangle as price is spread out somewhat. Triangles perform better when they are tight. No recommendation
NASDAQ:LULU
by lauralea