$LULU
Added 2024-01-14 13:56:03 +0000 UTCRejecting at the 1.618 Fib for Wave 3 is as standard as you are going to get from an impulse wave count.
A healthy pull back here for Wave 4, down to the 1 Fib at $420 or the 200 Day MA which is moving up to meet this level will be the area for us to watch.
I do not want to see it hold the 50 Day MA at $457.
Holding at $420 and I think this is an attractive buy to catch the next leg up.
Comments
I would usually take some profit at Wave 3 yes, to re-enter lower.
Gareth Neary
2024-01-14 14:22:38 +0000 UTCHi Gar, If holding LULU now, would you recommend trimming at this level and buying back around Wave 4? I understand you can't make these decisions for people, but just wondering if that approach would be advised typically
Damien O'Sullivan
2024-01-14 14:08:47 +0000 UTC
