LULU Short Idea
LULU has been consistently going down for a while now, it's not even really sideways, just down. I've had some good trades on it this year but haven't touched it since because of how much it has dropped. Didn't want to short the lows or long it, but I finally see another great short entry on it here.
The 265 area is near the 2022 lows, LULU flushed hard below it but has come back for a retest. It did not quite touch the line, but I went ahead and entered my full position. I'll stop out if it breaks above, targeting the gap fill below for the first target.
The 265 area is near the 2022 lows, LULU flushed hard below it but has come back for a retest. It did not quite touch the line, but I went ahead and entered my full position. I'll stop out if it breaks above, targeting the gap fill below for the first target.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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