LULU Looking to Go Up

NASDAQ:LULU   lululemon athletica inc.
Signs in favour of LULU uptrend:

(i) LULU has broken a major resistance level with high volume.

(ii) A bullish pennant is forming.

(iii) Bullish Squeeze momentum has fired.

(iv) RSI is above average.

(v) RSI is in the range of 60 - a good level for breakout.

(vi) Looks like continuity of 3rd Elliott Wave.

LULU is just below another resistance level of 410, which is a hurdle to a full blown bull run.

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