SamSuka
The Long Investor
The Long Investor

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$LULU

No changes to the chart here and we can see a clear rejection trying to make a higher high

A test of the 50 Day MA next looks good here at $360 but I would like to see this level not held and we get a stronger pull back to below the 0.5 Fib where the 200 Day MA is waiting at $315.

At $315 I believe $LULU is very attractive to add again.

$LULU

Comments

Can’t share a screen grab here but will do so in general chat

Chris H

Cup and handle? Now nearing completion of ABC count? Primary wave 3 incoming next? May want to put LULU on the watchlist cap!

Chris H

idk man, the earnings gap is an impulse wave, usually means wave 3. Plus the RSI is highest at wave 3, same spot as the earnings gap

slappindabass


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