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.
Nota
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.Nota
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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