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LULULEMON ATHLETICA INC.LULULEMON ATHLETICA INC.LULULEMON ATHLETICA INC.

LULULEMON ATHLETICA INC.

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Pull Back FishingLooks like some were not happy with earnings. There was a possible head and shoulders pattern prior to the deep pull back. Now there is a falling wedge which can be bullish when price breaks up and out of the upper trendline. A falling wedge slopes against the trend and converges at the apex. LULU has not broken upper trendline of the wedge. The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern. The differentiating factor that separates the continuation and reversal pattern is the direction of the trend when the falling wedge appears. A falling wedge is a continuation pattern if it appears in an uptrend and is a reversal pattern when it appears in a downtrend. Falling wedges are formed No recommendation
NASDAQ:LULU
by lauralea
2
Turning point for Lululemon nowlululemon Why it was founded? Founder Chip Wilson heard people talking about yoga 3 times at 3 different places, that thing will become a trend. #principleofthree Why it will become success? a. unique, low cost and sticky marketing technique - community marketing (Yoga teacher=brand ambassador) b. good quality cloth technique - seamless sewing machine from Japan c. Combine of two unique items - Athlete + style; healthy lifestyle that is getting trendy nowadays, and people needs style when doing exercise. <> Technically, it broke out from range 40-80, climbing up on the uptrend channel, and it is forming a reversal (look like M shape reversal?). However, Mar 2020, it fell sharply due to pandemic, Mar 2021, it has rebounded strongly within a month. Will it A) continue to renounce and reject the M reversal?, or B) unable to break resistance and trend down?
NASDAQ:LULU
by kenplicity