$LULU
Added 2023-08-03 19:15:25 +0000 UTC$LULU is thinking about making another attempt at breaking out of this ascending triangle.
It has made one attempt on the 19th of July but it only momentarily broke out but did not hold above the line, this is not a buy entry then.
We want to see a break out above $390 and then ideally we want to see a retest of this level from above, a retest and hold, then we have a support line, a second retest is confirmation.
Earnings are on the 31st of August.....so it appears like this may break out and run leading up to earnings, as the 50 Day MA has been a strong support line and it is getting tight in that wedge.
