LULU is squeezing on multiple time frames and is getting ready to fire. We are also in a wolf wave pattern with a price target of 350.70 (green dotted line). Today, it formed a doji after a full body candle on the previous day which signals a bullish uptrend ahead of its earnings. We might see LULU get into the earnings run soon!
Looking for this wolf wave to pan out in the next couple weeks. If you're planning on getting into this option trade, I'd go 2-3 weeks out. I'll update this as we go.
Suggested contracts:
LULU 4/30 350C @ 1.25
LULU 4/30 340C @ 2.40
Looking for this wolf wave to pan out in the next couple weeks. If you're planning on getting into this option trade, I'd go 2-3 weeks out. I'll update this as we go.
Suggested contracts:
LULU 4/30 350C @ 1.25
LULU 4/30 340C @ 2.40
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-Ross Trades