Lulu long

11 thg 7, 2020

Here is an easy ta for Lulu long:

As you can see easly- Lulu in up-trend. Stock had high volume compared with strong move to 325 § mark, bounced off and since that consolation.

We have support on 284 $ Mark (S1) and resistance on 325 $ mark (S2). You can identify this as a consolation zone, so next step should be a clear break through ATH.

Indicators:

BB: Are close after big movement, cosolation, next move could be strong, neutral signal
20 SMA: Trend is moving above, bullish signal
50 SMA: Trend is moving under, bearish signal (works as resistance)
200 SMA: Wide above, bullish signal
MACD: Close to 7, Neutral signal
RSI: Close to 80, oversold (is normal in up-trend)
Volume: neutral, no signal

Option play:
Sell put 232 $, 272 $
buy call 330 $



Swing trade:
Trade the swings in consolation channel

Long-Term:
Wait for pull back on 284/290 support, or wait for breaking through ATH after 325 $ mark

Good luck for you trading :)