Categories
Consumer Goods

Lululemon Athletica Inc ($LULU) : Hitting kumo resistance

LULU has gapped down has gapped down back in June 6 from $70 to $65 range.

It has since went lower and hit support at around $54 before rebounding.

There is a pretty good setup now.

With LULU trading at around $64.35, it is hitting the resistance from the gap down as well as the kumo on the Ichimoku chart.

Categories
Consumer Cyclical (Footwear)

Crocs Inc (CROX) : Selloffs. Watch for the Support levels

Crocs (CROX) has a sell off for the past 3 days after its estimated earnings for short of the consensus.

While the selling is fast and on high volume, we do need to watch out for a swift rebound.

From the Ichimoku chart, we can see the following:

1. Daily Chart shows that it is sitting right on the kumo support with RSI fast approching oversold.


2. Weekly Chart shows that it is still on a nice long uptrend and sitting on the Kijun sen for support.

In other words, the long term trend is still intact.

Tonight, price action will have an impact. Further selldown will suggest that it is going into bearish mode.

However, given that the company has highlighted about the earnings guidance and it fell within the consensus range, I think it will be poised for a rebound soon.

Categories
Consumer Cyclical (Footwear)

Crocs Inc. (CROX) : Bullish. Break through Weekly Chart Kumo Resistance

Crocs is making a comeback.

On the Ichimoku Daily Chart, it just had a Bullish Tenkan sen – Kijun sen cross; breaking through a key resistance.

The resistance at 7.19 comes from the kumo on the Weekly Chart.

2009Oct-Crocs Inc-800x6002009Oct-Crocs Inc-800x600_Weekly