You 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 it can breaks out from the current resistance level , ie 387-410 ,...
Falling 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.
Possibly 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 the width of the wide end of this triangle and projecting that...
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.
Looks 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.
Signs 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 Elliott Wave.
LULU is just below another resistance level of...
Analyzing the options chain and the chart patterns of LULU Lululemon Athletical prior to the earnings report this week,
I would consider purchasing the 390usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $25.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
All these people are trapped short here. Anyone that is short is going to be forced to sell to get out which will make this a great swing trade higher from here. I love love love the EMAs breaking out also.
🔹 Breakout a short-term resistance level, signaling a positive trend for the short-term trading range.
🔹In case of a NEGATIVE reaction, it has support at approximately 385.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
◦ DT - Double Top | BEARISH | 🔴
◦ DB - Double Bottom | BULLISH | 🟢
◦ HNS - Head & Shoulder | BEARISH | 🔴
◦ REC - Rectangle | 🔵
◦...
The triangle is within a large rectangle.
Both patterns are neutral until broken.
Tough Resistance overhead.
Earning 8-31.
No recommendation.
52 Week Range
277.50
394.54
Day Range
375.00
382.72
EPS (FWD)
11.93
PE (FWD)
31.58
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
2.12%
Market Cap
$47.86B
Volume
229,228
I really have not been getting direction correct on these things since TSLA and GOOGL, but end up nailing the percent and dollar moves based only on my intuitive hits.
SO, full disclosure. I don't follow LULU. This ticker came to me when I woke up on the morning of the 18th with ROKU firmly in my brain, and LULU only slightly.
Of course, I wish I had taken it...
macro: snp500 QQQ uptrend
News: inflation flattening
TA : Break of ascding triangle
STOP: rolling till worthless options
TP: low value per day or expire
risk: UK inflation domino effect
Strong uptrend and earning gaps, great technical chart and wonderful strong up trend gives us clear view of upcoming move for $lulu..
We need first to clear 390 and 400 .
It might gap up strong on Thursday 29 2023 ..
Let's see!
Top line is resistance and price is just below the resistance line.
Entry long would be a break of 389.06 with a confirmed uptrend in place.
Rectangles are neutral until broken and can be a very long term pattern when the rectangle is large like this one.
No recommendation.
Blue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from equilibrium points, (not highs and lows). Thickness of lines illustrates strength of previous price action. Circles are the crossing of uptrend and downtrend (Crossfire Points), usually resulting in reactions.
![LULU: $LULU - Rising Trend Channel [MID-TERM]](https://s3.tradingview.com/v/vMHu21ZB_mid.png "$LULU - Rising Trend Channel [MID-TERM]")
