@quiettt:$Lululemon Athletica(LULU)$Lululemon stock has collapsed by 30% from the highs in a matter of several weeks. Perhaps Ozempic, Mounjaro, Wegovy are crushing this stock. Nobody needs athletic clothes. This line above was a joke...less rate hikes in theory should strain the consumer. Coming into the weekly 200 MA has been a massive zone of accumulation for many previous selloffs. will it hold this time? Likely yes, the same buyers should step in at least for a short term bounce. Risk to reward favours a bounce.
@Xiia:$Reddit(RDDT)$$Intel(INTC)$$Paramount Global(PARA)$What a joke past Thursday and Friday were re unregulated manipulation or niave traders as well as option traders screwing up the market gambling on cheap options. Bring on this week. Regardless, excellent week at +25% roi active day trading, mostly timely shorts. I tried to short on full margin rddt and djt all for not as my broker had no shares to short unfortunately, in particular djt. I was able to short para and intc all good, but ridiculous para was as bulls tried desperately to pump. What a zombie TSLA was, no positions, as it whip sawed up and down, bizzare. I believe it will t
@SpencerBroad:$Sea Ltd(SE)$After a strong uptrend that led to a stage 1 base breakout, we are digesting that move in the last couple of weeks in a tight wedge structure to the 21dma. We attempted to breakout from that structure Wed/Thursday last week, but we failed and retested the area each time, making a higher low. We showed much strength on Friday with a 54.89$ pivot reclaim, confirming the reversal attempt. We had every opportunities to break lower from here, and I like that fact along the price action..I will look to buy on a 54.89$ retest or undercut & reclaim action.