Resistance and looks like a head and shoulders This is a counter trend trade Pe is too high Trade at your own risk Pt 280
$LULU - Consumer Cyclical | Apparel Retail breakout of year long bullish wedge pattern, retaking its 200MA, AVWAP from ATH and YTDH with higher lows since late may'22. latest ER on 1/9 reports continual YoY growth for both EPs (+33%) and Sales (+29%)
Lulumelon Athletica Short Term - We look to Sell at 329.26 (stop at 346.16) They reported better than expected earnings and the stock jumped up premarket. The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 332.00. We therefore, prefer to fade into the rally with a tight stop in...
Higher probability of downside move with Lulu earnings scheduled evening of 09/01: 1. Multi-month head and shoulders was cleanly pierced and then retested with downward pressure from its base. 2. Multi-week down trend off of 200 SMA. 3. Multi-day weakness leading to today, with overall rounding of price to the downside. 4. Multi-year support would occur...
LULU getting near base breakout. If market stays strong next week, LULU can breakout over 313. Keep in mind that market is extended for now. So risk is elevated for longs here compared to last 2 weeks. AUG 5 220C can work
Interesting accumulating area that could end up being an ascending triangle bullish pattern if price closes above 307 resistance level, suggesting a long with 1.8 R/R. Bullish divergence is also seen.
Interesting accumulation area that would suggest a 1.8 R/R in case of more upward pressure to develop further after the resistance break
Lulu is highly successful retailer. It is a well know brand world-wide. But it is obvious that stock price valuations is just too high. A correction is imminent. On the monthly chart, there is a text-book head and shoulder pattern. Price action broke the neck to the downside. If price close this month below neck area which is around 302 USD, things will...
Lululemon ($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...
Between March 24 and March 30, Lululemon soared 27%, which created the pole of the bull flag pattern. Since then, the stock’s daily trading range has tightened into a triangle, which has formed the flag of the pattern. If Lululemon breaks up bullish from the upper descending trendline of the flag on higher-than-average volume, the measured move could see the stock...
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
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*
I could see a leg lower post earning on a slowing growth outlook down 5-7% Friday, this even with the share buybacks and potential margin expansion with shipping related costs decreasing. Solid company w/ tough comps and competition heating up. *not financial advice*
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...
Flat W4 after ZZ W2. Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all your questions regarding the Elliott Wave Principle! Cryptos are updated every day...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding the Elliott Wave Principle! Cryptos are updated every day of the week and on...
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 .
🍋 LULU Trade Plan (5/25)-(6/4) 👧 📈 Long Above 316.75 🎯 TGT near 319-320, 322-323 ❌SL 314.30 📉 Short Below 314.30 🎯 TGT near 312.60, 310.40, 307.70 ❌SL 315.90 ✅Trend Line Confluence from March 2021 Lows. ✅Earnings Report coming up on June 3rd.