LULU breaks major trendline.

Technically speaking
LULU has broken an uptrend line going back to 2009.
The next support level is $45.

Here is a good write-up on Lululemon.

I favor buying dips, but I am waiting to see where this stock finds demand.
I think we're at the dip right now. I believe your trend line is off by a slight margin. I have drawn my own here:

Furthermore, we are already printing some market indecisiveness at the current price level.

I personally expect this stock to bounce up from its current level, and I will enter it long at a break of $53.
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