Two recent stock events have called into question how markets are pricing stocks. The first event is the OG meme stock, Tesla (NASDAQ: TSLA), hitting a one trillion-dollar market cap. And the second event is EV newcomer Rivian Automotive (NASDAQ: RIVN), surpassing the valuation of Ford Motor Company (NYSE: F) after listing on the NASDAQ.
One way to gauge how...
This is my Watch List for all the stocks in my 200 list that are popping the cloud. Red Flag means already has a green Candle and either ready to go or watiing for a solid green candle with no wick to signal your in. No flag means red or in the cloud and waiting for Green Candle No Wick to close outside of the...
-Lulu gained some attention after getting added to SP500 but we don't see any further bullish moves from LULU.
-With the given current market condition (which is stagnant / bearish), we are shorting LULU.
-First target is: $366.
-Second Target: $294
-Big support on $LULU bounced 3 times off this support level if we see a little green on Monday this is going to be a solid swing
- Now if we break down below support we are looking at a very nice pull back down to $355
-we have our 2 scenarios here set and done now we wait to see which follows through
Looks like LULU is bottom out .
Intraday swing or scalp play off of the bounce .
Always confirm with the tape , there has been a lot of money flowing into this company lately and it is personally one I believe in .
I can see Lulu filling the gap, doesn't have to fill it entirely but if it does fill, it should rebound. Other scenario is it bounces once again before filling the gap. Tough to time it but there's some bearish momentum after today.
I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past...
🍋 LULU Trade Plan (5/25)-(6/4) 👧
📈 Long Above 316.75
🎯 TGT near 319-320, 322-323
📉 Short Below 314.30
🎯 TGT near 312.60, 310.40, 307.70
✅Trend Line Confluence from March 2021 Lows.
✅Earnings Report coming up on June 3rd.
Trade setups for LULU Long:
Stoploss by 323$, 200 SMA (very important support zone)
Take profit min: 357 $
Take profit mid: 367 $
take profit max: 388 $
Bull put spread (long strategy, expect moderate rise in underlying asset)
Long leg: 320 $
Short leg: 300 $
Expiry time: two weaks (best case close 12 th February)
Really nice bullish ascending triangle has formed on LULU. We just has a strong bounce off bottom support line and I believe the price will climb back up to 385 from here and then will attempt to breakout of the triangle. Price may hit resistance at this level however, If a breakout does occur I am confident LULU will hit new all time highs---$400+.
Been watching this one for awhile. Stuck in a wedge for months.
Around low wedge aVWAP and 100ma with a (bullish) hammer (on D) to close the most recent trading session.
Stimulus checks and strong company means bullish upside... under ATH atm
I like LULU, and so does all the gym goers and yoga goers especially if COVID restrictions start to loosen up over the next month or two approaching spring and summer.
Long term I like LULU long, but for now, I'm going to be patient and wait for a slight pullback to a better demand buying level. If we can get a pullback A B C pattern back to the 350's, I'll look...
Really nice bullish ascending triangle has formed on LULU. I believe the price will easily climb back up to 385 from here and then I will be watching for a breakout of the triangle. Price may hit resistance at this level however, If a breakout does occur I am confident LULU will hit new all time highs. Also, a nice bullish pennant has formed on the 15 min chart...