SamSuka
The Long Investor
The Long Investor

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$LULU

The chart is going to plan here and we are seeing this continue to drift down to our Wave 4 level at the 0.38 Fib at $428.

Price has now rejected at the 50 Day MA and at the 0.236 Fib which will further fuel the decline which is what we need to see in order to reach our target buy level.

A hold at $428 and I am a buyer.

$LULU

Comments

Great call here. I was tempted to buy when it 470 earlier this week.

Gerry

If you got in at 428 would you be adding to a position to DCA, or would you be just starting a new position? I'm relatively new here and still trying to better understand how you trade. Thanks!

swan786


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