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
I predict a bullish price action of LULU based on the following 3 indicators:
- A backtest of the triangle wedge followed by a clean bounce.
- A parallel rising channel which was unbroken during last week's sell-off.
- Chaikin Money Flow reversed but needs to follow through.
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In this post, I will be providing an in-depth analysis on Lulu Lemon Atheletica Inc. (LULU), by going over its business model, financials, and technicals as well.
What is...
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...
