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jojofang0901
Jul 5, 2020 8:09 PM

LULULEMON I am looking for buys from bottom of structure Long

lululemon athletica inc.NASDAQ

Description

Hi everyone:

LULU has some great potential for more bullish run to the upside.

We see price had a massive impulse to the upside, and already broken the previous top before the sharp dropped from Covid.

Now price is forming a continuation structure, and looking very promising for another bull run.

Currently this structure is not complete, so I would like to see price goes down correctively once or twice more to complete this continuation pattern before buying from the bottom of the structure.

That would be the best Risk:Reward trade to go long.


Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
Comments
SherrySun
Thank you for the analysis.
jojofang0901
No problem. :)
BakiShirzadi
your way of analysis is impressive.
jojofang0901
@BakiShirzadi, Thank you, you as well.
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