The Long Investor
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$LULU
🕑 Added 2025-04-15 14:52:12 +0000 UTCTariff War has taken its toll here on $LULU and the price has pulled back for a double bottom test so far.
This is an ABC correction for us and typically Wave C makes a lower low below the bottom of Wave A, so we can not rule out this happening right now.
$LULU's fundamentals are still strong but the obvious concern here will be how heavy the war will play out on their bottom line.
$LULU dropping for a lower low down to the 0.78 Fib at $147 however would be very attractive.
Comments
Chris H
I thought I was entering for wave 3 but clearly this broke down! How does this chart in terms of EWT cap? A good learning lesson for me. I don’t see a 5 wave pattern leading up to the abc wave
RealOpinions
Looks more enticing than NKE based on growth fundamentals
Taylor D
Anxiously awaiting adding this one
Jacob
IMHO, Wave C is over the second a trade deal is announced with Vietnam. Hopefully not long
