LULU - My favorite chart RIGHT NOW!

8 639
I will be so happy if this continues to dip and wants to fill the gap at 351/340. This thing is poised to explode and I am scooping it up every chance I get.

DO YOUR OWN RESEARCH and let me know what you think :)

I am excited about this one because I love the company and I love the chart.

Happy Trading :)
Trade active
Officially closed the gap with yesterdays dip below 347!

Eyeing a few levels for a position build here - the lower we go, the more enticing the opportunity and the larger the pushback you should see from buyers. Most importantly we want to continue to see lower-than-average volume (especially on the red days - like we saw yesterday).

$341-$331 Liquidity zone
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$326 - Former purple selling channel breakout/retest

$317 - 200-day SMA and bottom of strong yellow buying channel
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A cleaner look at the weekly chart and HTF algorithms in play.
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Beautiful retest of the purple selling channel and bottom of our demand zone. Looking to see continued volume and rejection of this level at $330.

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Holding our all important $330 liquidity zone after a 200-day retest. With earnings this evening after hours, I like the way this is shaping up with important liquidity levels being reclaimed alongside strong bullish volume.
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