$LULU is likely moving with $ONON and feeling the pressure from $NKE's earnings today but that being said, the price action is still holding in an important confluence level between the 0.5 - 0.618 Fib range, where the 200 Day MA is between $300 - $323.
A hold within this range would be a standard pull back and we have counted a 3 wave pull back too...meaning a hold here and a reversal can come next to the upside.
This should be watched closely for support confirmation now before taking a position.
Chris H
2025-03-23 06:26:45 +0000 UTC