$SKX has a similar set up here as $LULU right now as it pulls back to retest the $56 breakout level for Wave 4.
The price has already tested and held on this line so far in August, so a second test and hold will confirm that this level is now a support level.
Once the price holds here then I believe it can also move higher like $LULU for Wave 5 and could even go as high at $118.....which is 100% gain from here.
Fundamentals look good here too.