After it breaks above the support level at 361.66, I decided to take a small position in this company. The question is will it continue to rally or maybe fall back down again?
Nobody knows, we are all betting with a certain amount of probability , back by financial figures, story of the company to convince you that this is a worthwhile company to take a stake in....
sell to open the $320
Buy to open the $310
$1.00 limit
Which is 20% roi
I'll be watching this one if it closes below $330 (I'll begin shorting shares there or day trading to protect my downside)
Lululemon Athletica ( NASDAQ:LULU ), the Vancouver-based apparel retailer, has announced the closure of its distribution center in Washington state by the end of the year, resulting in the layoff of over 100 employees. The company cited business optimization efforts as the reason behind the closure. According to a WARN notice filed with the state's Employment...
Looking back on LULU's price history, it once dropped similar to this, both price and RSI, and the dip/correction was copied using the bars pattern and applied here.
The pattern fits perfectly with the blue support line.
I am not long or short this security, I simply want to track my hypothesis.
Lululemon hits the buy a starter entry zone and retests the multi-year trendline. There is a risk of it falling to the $300 to $289 area if the trendline support fails. Be aware of the risk.
I am considering stepping in at $326 if it reached and observe it for an hour and look for signs of reversals. It might break and retest the demand zone. The scenario fails if it remained below 326 and closed the day below it.
It was beaten down after its earnings and it is possible for a rebound.
Not a financial advice. Do your DD.
Lulu has taken a beating recently, but it now is trading at it's lowest PE ratio since 2017, and I expect it to bounce off this trend. This, to me, is a GREAT opportunity to add a long position.
Not financial advice, good luck to all :)
LULU to $160 by end of the year. My Chinese Man-Servant showed me that he bought LuLu a few weeks ago. So I slapped him. That is the only reason I have this junk on my radar. Lulu just completed a Bear Flag pattern on the Monthly. It broke out of it in March. Don't hold this train wreck into "higher for longer".
LULU is getting very close to an attractive buy point. I actually like it right here and now... it's close enough to start building a position. I especially like it at the two green support levels, which line up well with the 200 week (an area i love to buy quality name brand stocks).
NASDAQ:LULU Lululemon Athletica's Q4 performance exceeded expectations, with revenues rising 16% and gross margins growing by 4.3%. However, increased competition and price-conscious consumers have led to a decreased market cap and short-term headwinds.
Gross margins remain at 58% leading the industry and showing the prominence of the brand.
Lululemon has had...
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.
