LULU has formed a cup and handle over the past 2 years and has finished forming the handle and is ready to rise. The RSI is also telling us that there is momentum going into the pattern
Price 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
Lululemon Athletica Inc. ( NASDAQ:LULU ) encountered a tumultuous Morning trading trading session on Friday, with shares plunging 18.47% following the company's release of guidance that failed to meet analysts' expectations. Amidst challenges in its Americas business and a notable shift in U.S. consumer behavior, the Vancouver-based activewear retailer painted a...
Lululemon is gapping down on earnings despite a double beat.
Nike is gapping down on earnings.
A trend is showing weakness in these consumer discretionary based stocks.
There will be many sympathy plays in the retail space.
Watch XRT tomorrow.
If you haven`t bought LULU before the previous earnings:
Then analyzing the options chain and the chart patterns of LULU Lululemon Athletica prior to the earnings report this week,
I would consider purchasing the 470usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $39.50.
If these options prove to be profitable prior to...
Re-entered Lulu here at 446. The continued downward trend followed the ABC subwave from the previous entry (white circle) and now has the support of the bottom of falling wedge pattern. Price reversal and pivot from the end of wave 4. Buying (again) today with 1% allocation. Open @ 446.5 TP @ 509 c.14%
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Strategy:
Based on Elliot wave theory, pivot...
LULU is entering a really important level here and is close to breaking out of a ~3 month descending channel. As a result, I would expect a strong move at breakout if we get one and a swift move to 483 with a high chance of testing 491 in the next few trading sessions.
Lululemon athletica inc., commonly known as lululemon, is a Canadian-American multinational athletic apparel retailer headquartered in British Columbia and incorporated in Delaware, United States.
A decent attempt to push to continue the upward momentum.
LULU has broken out of a wedge after hitting ATH and then consolidating all of January. Bounce perfectly off the 50 EMA on the daily. Active trade now. Targets $500, $515
Lululemon Athletica ended last year by climbing to new record highs. Now it’s pulled back, and may draw attention from dip buyers.
The first pattern on today’s chart is the December 8 breakout after earnings and revenue beat estimates. LULU has given back most of the gains and revisited the pre-earnings closing high. Will old resistance become new...
LULU - Looks like it may be rolling over with potential support just below the current level. Insider selling by the chief brand officer also caught our attention.
Lulu had a slight dip this morning, and I took the opportunity to add another contract. The chart still appears promising, and the market seems to be shaping up similarly to yesterday.
Lululemon Athletica Inc. emerges as a standout player in the retail game, defying earlier cautious sentiments and setting a tone of confidence. The sportswear giant recently revised its fourth-quarter sales and profit forecasts, surprising both investors and industry observers alike. In a move that reflects resilience amidst economic challenges, Lululemon has not...
Alert set for LULU at 425 for buys. will consider entry based on price action at this level.
Potential S/R swap at 400-415 and .618 FIB retracement at this level.
