A symmetrical triangle can be seen acting bullishly, pushing the price into a rising broadening wedge I believe this wedge to be a bearish pattern, as I have indicated with the bars pattern (which is just a rough estimate of how a down move will persist) Daily chart
-As we observed last week the beautiful breakout of that 349 level we immediately went right down AMAZING breakout trade -Now we are heading down towards the next major support at 278.53... We shall look for the breakout of the minor support line at 306.60 -This is a daily set up so we can play this w monthly options or we can get in and out to manage risk
-I like to trade Lulu typically bc she’s usually a day behind so we can expect a break below 350.26 Monday and play puts from there -There is a lot of range once we break these levels we have range down till 317 to where we might meet smack in the middle with the cloud -looking for an entry once we break 350 support
Lululemon ($LULU) has a double top, gap fill, and support as indicated. RSI is pointing down, MACD is starting to switch over. Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of...
Market just finished Full Elliot wave 1-5 and ABC correction, bounced off of a demand zone and we are expecting for it to retrace to 50% fib zone. Entry:300 Invalidation:276 Target: 384
LULU medium wave completion into earnings this month with rihanna fendi ipo said to be $3bil valuation
-Looking for major test on the 26-day ema as we have seen how price reacts around these levels -will continue to watch how LULU reacts around those levels -If we break above I will wait for 1-2 candles before entering calls -Puts below 26-day ema rejection levels
-We have broke 309.98 we should look for a continuations - we are looking to come back to previous lows -potential to make new lows or bounce again
Lulu Looks ready for the taking ont his move. Yes I have all kinds of seizure induced indicators up....but if you look where there is no indicators you will find your trade. Looking a 3% move of $10 over 30 days. I feel like that is ample time to hit that target and if you are playing the option call you should make $1000 on one option call. by iCantw84it 02/16/22
Check out what stocks we are looking to trade this week! NASDAQ:LULU Looking to take a breakout over the $355 level Targets: $360, $365, $370 NYSE:TGT Looking for a break of this wedge pattern and a move over $223 Targets: $224, $225, $226, $228 Keep in mind I will not be taking these trades if AMEX:SPY is still range bound between $453 & $444
-Very good move on the play from $406.87 levels options moved 400%+ Gameplan for next week: We are gonna give it some time to pull back since the RSI is very oversold and then we are going to take a risk managed entry. If LULU decides to make new lows then we may enter into our position and look for our PT at $325.49
$LULU Another View Here’s another view I just want to save it for my own tracking purposes… sorry for the duplicate… Well, both targets 1 and 2 hit since the last post… so I’m going to be looking to sell some puts at 291… 25 Feb 290 is looking good. Though I might start looking into march sooner than later… I’ll update when I take a position on way or the...
$LULU Target 1 & Target 2 hit… Well, both entry targets 1 and 2 hit since the last post… so I’m going to be looking to sell some puts at 291… 25 Feb 290 is looking good. Though I might start looking into march 🤷🏻♀️ … I’ll update when I take a position one way or the other, likely next week Also a long trendline support (blue line) DEFINITELY on my radar for...
Looking to add on some LULU puts monday -Resistance $406.87 -support $366.78 -2 possible entries... one at open or you can wait for the support break
BIG bounce level here we are looking to bounce but if we break we are going puts here looking for a green day tmrw for bounce confirmation
$LULU Target 360 Target 1 was hit pretty quickly… Target 2 is now in sight!! GL —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial advisor, but I will happily answer questions...
WATCHING $LULU for 388 I you’re buying this high up - good for you. I wish you the best… but for me it makes no sense to be long this high up. I have target 1 as 388, but because of the volatility at the moment that is a little too close so I am currently selling puts at 360 (14 days out). I don’t think that I’d be comfortable being long any higher than...
Mirror Mirror on the wall, what will LULU do post earnings? Well guidance proves weak, falling out of pattern, support levels at 400 and 385 $LULU *not financial advice*