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pepestar75
Mar 9, 2019 2:36 AM

Short this beautiful H&S daily on LULU Short

lululemon athletica inc.NASDAQ

Description

My 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.

Comment

Didn't close below neckline... still short specially today with the market as it is. Will keep an eye on it...

Comment

Fade... I think it will go back to $163 level

Trade closed: target reached

faded! Closing this.
Comments
UnknownUnicorn4347975
lol
hungry_hippo
Watch out for earnings later this month.
pepestar75
@hungry_hippo, yes, ... and fade it! ;-)
hungry_hippo
@pepestar75, went into earnings with 100 shares in 401k and and 1 call contract, closed it yesterday on open, lol.

Might as well bet on earnings if you know it's going up. This market is so retarded, the only way you can make any real money is to play along and be stupid. With forward P/E over 40, you'd think they invented a cure for cancer, not yoga pants.

Probably going to at least back test the old high, but I'm not shorting popular stocks in this crazy market.
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