$LULU
Added 2024-03-22 11:30:49 +0000 UTCStrong flush after earnings yesterday, in spite of double beat and 45% Q/Q growth but they guided slightly down for the FY '24.....I struggle to see how a year where the Olympics is held will not improve sales in leisure wear, regardless of this, $LULU has a number of quarters to improve on their FY '24 guidance.
Right now the PM price is in a strong confluence level
In between the 0.38 Fib and the 0.5 Fib is the 200 Day MA, where the PM price sits at right now.
We also saw this on the $ONON chart too post earnings, the price fell down to a strong confluence level and bounced.
So I will be watching for a hold on the 200 Day MA today at $420 and then a recapture of the 0.38 Fib at $428, if successful, I will start a position.
