The Long Investor
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$LULU
🕑 Added 2025-03-28 09:46:11 +0000 UTC$LULU double beat on earnings yesterday but they gave a bleak outlook, similar to that from $NKE and the share price is down -12% in the PM.
We can see that this brings the share price back down to the 0.618 Fib exactly now in the PM at $300.
I know many members will consider this a buy now but I suggest waiting for support confirmation over the next while before jumping in, the lower fib support level is at $268 if $300 is not held.
$NKE also hit a 52 week low this week too, so there is concerns now in the sector but overall I think both brands will do very well long term.
Comments
Chris H
Lucky I only have 3/5 buys in
