LULU Trade on Jul 6, 2022 09:46 from spyrosz: Tradervue User Stock Trades.

This looks vulnerable and ready to break lower.

a) It had lost and currently trades below $288 major long-term support level, effectively putting every buyer that bought after mid-2020s into a losing trade
b) below $266, there has been zero price discovery as this thing ripped from COVID low in a straight line.
c) taking into account poor consumer, maybe he wants to buy something cheaper or NOT buy at all, rather than spend $$ into luxury work-out clothes...ffs

-- Got short Tier 0 at the retest + rejection of $288 resistance level, risking 50% above $297 door to daily gap, rest above $315s
-- expecting seller to hold it below $288, and $LULU to start rejecting $288 to the penny...
-- willing to add more if $288 gets defended and $LULU rolls over. Want to add more thru $266 break..
-- 1st target 240s

07-12-2022
Plan works well and price started rejecting $288 to the penny last two days.

-- Added another 0.5xTier 0, risking same stops, 50% above $297 door to daily gap, rest above $315s
-- Want to see breaking lower here towards $266s
-- 1st target 266s, main target $240s

07-20-2022
Flat & Full Tier 0 loss. Never worked per plan