Bearish shark reversal in progress Short

lululemon athletica inc.NASDAQ

Description

⋅ Mar 15, 2019 9:06 PM

A 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.

Comments

hungry_hippo

⋅ Mar 15, 2019 10:56 PM

I saw the same thing but only after the market closed. Looks to me like a 2 - 4 day drop.

I'm gonna but some for earnings if it closes the gap at $132.5.