The Long Investor
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$LULU
🕑 Added 2025-01-16 20:14:40 +0000 UTCNo changes to the chart here and we can see a clear rejection trying to make a higher high
A test of the 50 Day MA next looks good here at $360 but I would like to see this level not held and we get a stronger pull back to below the 0.5 Fib where the 200 Day MA is waiting at $315.
At $315 I believe $LULU is very attractive to add again.
Comments
Chris H
Can’t share a screen grab here but will do so in general chat
Chris H
Cup and handle? Now nearing completion of ABC count? Primary wave 3 incoming next? May want to put LULU on the watchlist cap!
slappindabass
idk man, the earnings gap is an impulse wave, usually means wave 3. Plus the RSI is highest at wave 3, same spot as the earnings gap
