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swara7kadir

LULU Day Trade Breaking All Time Highs, Strong Chart/Premarket

Long
lululemon athletica (NASDAQ:LULU)  
swara7kadir Updated   
NASDAQ:LULU   lululemon athletica
Support and Resistance Candlestick Analysis Trend Lines
2
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supportandresistance candlestick trendline
LULU is breaking all time highs after positive earnings on Wednesday after market close, stock is strong after market yesterday and today. What I would look for is higher highs and higher lows. It needs to stay above 179.50 all time highs. If the volume is good and it gives a pullback after the market opens then I would look to go Long. Its Daily chart is strong and so is the 15 min chart showing the premarket.
Comment:
LULU premarket is bearish and weak. Its making lower lows and wants to get below the all time high 179.54. I would wait until it shows strength again. I wouldn't look to Short it as all the moving averages are below it.
Comment:
I traded LULU twice. first was green, 2nd was as it touched the vwap and faded, it didn't get to my target so i took a small loss on it. I am break even for the day.
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