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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Yoga Bears Have the Floor

chessNwine Mon Apr 28, 2014 1:21pm EST 2 Comments

funny-yoga-bear-006

LULU is giving a similar look to the recently-broken CREE (and VECO) on the weekly chart, below.

I have been quite bearish on the stock for a while now, due to the troubling technicals, and the worst may not be over yet.

A complete wipeout below $42 is possible, if not probable at this point.

Other short ideas this afternoon: LVS NKE RL SBUX.

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LULU

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2 comments

  1. yoshii11
    yoshii11
    April 28, 2014 at 1:25 pm

    that was clever…made my day

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