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.
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.
Comment:
Tough market to short, this is why I prefer to buy the dips.