I went long on LULU

dchua1969 Updated   
BATS:LULU   lululemon athletica
After it breaks above the support level at 361.66, I decided to take a small position in this company. The question is will it continue to rally or maybe fall back down again?

Nobody knows, we are all betting with a certain amount of probability , back by financial figures, story of the company to convince you that this is a worthwhile company to take a stake in. Thus, it is crucial to be conservative in the beginning and until the chart shows you what you want to see, then you can add more in tranches. It is a marathon, so be patient, no need to rush.
Is interesting when I get PM from some followers asking why the price drops. There are many reasons a share price can drop, earnings, demand vs supply, analysts ratings, macroeconomic environment, etc. In the short term, the market is irrational subject to all these volatility. But, if you choose a good company with strong fundamentals, the price will eventually rise up over time. So, that depends on your objective of buying - short term for trading to make quick profits and move quickly to others OR hold it for the long term......
added more last night
added more at 305

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