LULU has been a MONSTER this year! With Squeezes setting up on both a daily and four-hour chart makes me think it will be headed higher towards earnings which looks to be at the end of August. Depending on how it opens tomorrow (looking for a pullback) will ultimately decide how I play it. I'd like to sell an at the money put credit spread, but with the way it's been moving, I'm also looking at the ITM August Call options.
With one of their biggest competitors (Alo Yoga) being under intense scrutiny all year, it appears they have been the benefactor from their misfortune. That aside, the chart looks very bullish and I'll be looking to play it long with options.
hey man could you assist me in setting up my chart like yours? what time frame are you showing in this display. thanks.
TheCryptosaurusRex
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@lookoutfuture, Hey there - In the main image I'm looking at a 480 minute (8 hour) chart. When you have a chart selected you can simply type "480" and press enter and it will change it to that time-frame. Hope this helps!