LULU has been falling hard in the past few months/weeks, down to support from March 2020 at $160~
With support from the bottom of the channel on this downtrend also meeting the support from over 5 years ago we see a confluence of support.
Also with a rising MACD and a rising RSI showing signs of volume and interest at this HUGE support line, I see an approximate 15%-35% return on investment.
The Financials on LULU also look very good with a P/E of 11.62 and little debt sitting at $1.76B. I find this to be a good thing because they have $1.16B of cash equivalents and a market cap of over $21B so little to no stress in the financials
I am not a financial advisor, and the information in this post is for educational or discussion purposes only. Please do your own research and consult a licensed professional before making any investment or trading decisions.
With support from the bottom of the channel on this downtrend also meeting the support from over 5 years ago we see a confluence of support.
Also with a rising MACD and a rising RSI showing signs of volume and interest at this HUGE support line, I see an approximate 15%-35% return on investment.
The Financials on LULU also look very good with a P/E of 11.62 and little debt sitting at $1.76B. I find this to be a good thing because they have $1.16B of cash equivalents and a market cap of over $21B so little to no stress in the financials
I am not a financial advisor, and the information in this post is for educational or discussion purposes only. Please do your own research and consult a licensed professional before making any investment or trading decisions.
Zlecenie aktywne
Even during today's hard crash after a strong morning LULU is still positive on the day as of right now. this is showing lots of support near the $160-$165 level.Zlecenie zamknięto ręcznie
Made 35% profit on this trade. Sold half at $225, sold the rest at $205. Lesson : DONT GET GREEDY!!!
See you on the next trade!
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.