Trendline Breakout Retest — Target 1.50–1.55

Lulu has successfully closed above the descending trendline and is now retesting the breakout level, which often confirms a reversal setup. The structure suggests buyers are stepping back in after a prolonged downtrend.

📊 Technical View:

Price has broken out from a multi-month descending trendline.

Retest around 1.16–1.18 area is holding well.

Upside potential toward 1.50–1.55 (Fib 38–50% zone).

Stop Loss: Below 1.09 support zone.

If the price holds above 1.15 on the retest, momentum toward 1.50 remains strong.