Possible Cup and Handle on LULUPrice has moved up to previous ATH. THe prior price action resembles a cup pattern. Earnings this week, possible price retracement to red line. I will use options to trade earnings.
Not financial advice
7.92USD
854.8MUSD
8.111BUSD
110.413M
About lululemon athletica inc.
Sector
Industry
CEO
Calvin R. McDonald
Website
Headquarters
Vancouver
Employees (FY)
34K
Founded
1998
ISIN
US5500211090
lululemon athletica, Inc. engages in the business of designing, distributing, and retailing technical athletic apparel, footwear, and accessories. It operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The company was founded by Dennis James Wilson in 1998 and is headquartered in Vancouver, Canada.
$LULU: Low risk trend signal...Lululemon is a strong investment with a loyal customer base and a healthy balance sheet. The company is well-positioned to benefit from the expected decline in interest rates and inflation.
Time@Mode shows a low risk entry in quarterly scale here, with worst case scenario downside being a drop unde
$LULU looks like a great long-term shortChart is self explanatory. Rising wedge forming inside of a H&S top pattern.
Target in the rectangle below. Will likely take 6-9 months to play out.
Lululemon Could Be RunningLululemon spent more than half of 2023 in a range, but now it could be starting to run.
The first pattern on today’s chart is the bullish gap after LULU was added to the S&P 500 last month. The stock pulled back in late October, made a higher low and proceeded to a new 52-week high. That may sugges
LULU is at a consolidation phaseYou can see from the weekly chart that prices are going sideways since 2020, much like a pinball hitting the ups (resistance) then rebound off the lows (support) for 3 years. So, if you had bought this stock in 2020, you probably have a roller coaster ride of being happy and feeling frustrated.
If
Lululemon Falling WedgeFalling wedge pattern is a bullish formation.. 400 - 425 can come as resistance.
Extreme fear in markets right now. Once we break down out of the bear flag on the weekly timeframe a larger sell will come once again.
Ascending TrianglePossibly heading for support.
Spinning top/indecision/at resistance.
Engulfing candle/bearish/today.
Top line is virtually flat (Resistance) and bottom line slopes up (support)
Things can change in a heart beat.
This stock does well at earnings as a rule.
You can calculate targets by projecting t
We are going down to the trend 200$According to the butterfly, we will have a decline to the trend in the area of ~ $ 200, I would not have taken a position earlier. Next, we must go to new heights.
LULU SHORTLooks prime for a short opportunity. Must be traded with tight stop loss as this has been a phenomenal name in the recent past.
PS- Not Financial advise. Do your own diligence.
LULU Looking to Go UpSigns in favour of LULU uptrend:
(i) LULU has broken a major resistance level with high volume.
(ii) A bullish pennant is forming.
(iii) Bullish Squeeze momentum has fired.
(iv) RSI is above average.
(v) RSI is in the range of 60 - a good level for breakout.
(vi) Looks like continuity of 3rd
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