looking for LULU to pull back. 153 is the gap fill form august 31st as well as a strong Fib line. if it does not push through this a good chance it falls out of the upward channel for a pullback. it is also getting over bought per the RSI
Combo may lead 2 $158-160 COG #fibonacci
Potential $158-160 Test, if #earnings are taken well
LULU shows relative strength, holding above its 100 & 200 day moving averages. Its long-term trend is still intact. Disclosure: long LULU
Zacks Rank: 1-Strong Buy 1 Style Scores: F Value | A Growth | A Momentum | C VGM Industry Rank: Top 17%(43 out of 255) Industry: Textile - Apparel
LULU shares show demand, supportive of a long-term move higher
LULU sure looks very toppy and versus it's pears quite high PE. I'd be extremely careful pushing the up side. Sure looking like a gab fill candidate.
LULULEMON is currently in the controlled profit taking stage of the flag for the current bull flag formation. The previous advance since an earnings surprise is used as the length of the flagpole and also the measuring objective of the next advance. If we see some significant volume on the breakout then we could be set up for some nice quick profit. If volume...
Sure looking like the LULU gap fill is about to start. Whole lot of risk up here especially if you look and see how far it has come up on the weekly chart.
at 38.2 Fib from the last low. Also, compares it against the previous ER gap.
Rounding top completed on LULU. Short seems logical here.
I think, it's a good set up for short play LULU. It's has pulled back a bit but I am expecting that it may come down to ~$100 price range. Please do your own DD. I am just learning about these charts.
Over the last week, I finished a 72 hour options course... and...after researching this disgusting and outrageously named company and its garbage and over priced websites... On Friday... I had to open a SHORT Position in this Chinese/Canadian KNOCK-OFF Apparel Company. With apparel a dime a dozen, in all areas of the clothing industries, and especially online,...