Higher probability of downside move with Lulu earnings scheduled evening of 09/01:
1. Multi-month head and shoulders was cleanly pierced and then retested with downward pressure from its base.
2. Multi-week down trend off of 200 SMA.
3. Multi-day weakness leading to today, with overall rounding of price to the downside.
4. Multi-year support would occur around 245.
5. General market weakness and downward revisions from retailers.
Conclusion: Earnings volatility on 09/02 could see test of $245.
1. Multi-month head and shoulders was cleanly pierced and then retested with downward pressure from its base.
2. Multi-week down trend off of 200 SMA.
3. Multi-day weakness leading to today, with overall rounding of price to the downside.
4. Multi-year support would occur around 245.
5. General market weakness and downward revisions from retailers.
Conclusion: Earnings volatility on 09/02 could see test of $245.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.