lululemon 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.
<<Technical Chart>>
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?
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