Short

LULU at Critical Support – Rebound or Further Drop?

Bullish Case

Support at $336.94: Price is near a key support level where buyers may step in.
Potential Gap Fill to $466: If LULU rebounds and closes above $358.52 & $371.20, it could target the gap start zone at $405.46 and eventually push toward $466

Bullish Setup:

Entry: Around $336–$346 if support holds.
Target 1: $370–$374 (Short-term bounce).
Target 2: $405+ (Gap-start area).
Target 3: $454.25 (Major resistance).
Stop Loss: Below $326

Bearish Case

Bearish Breakdown Below $336.94: A close below this level could signal a bigger drop.
Lower Highs Forming: The stock is consistently making lower highs, indicating continued selling pressure.
Next Major Support at $294.54: If the current support fails, the price could drop toward $294.54, which is a strong demand zone.

Bearish Setup:

Entry: Below $336 (breakdown confirmation).
Target 1: $320
Target 2: $294.54
Stop Loss: Above $346

Which Side is Stronger?
Currently leaning bearish, but holding $336.94 is key.

If it holds, a bounce toward $370–$405 is possible (bullish case).
If it breaks down, expect $294–$300 soon (bearish case)

truthseeker6

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