LULU holding pivot at 55, but for how long?
Technically Speaking
LULU is holding the pivot area of 55ish, so far, the week is not out yet.
A pretty clear range looks to be forming b/w 55-80 level, assuming the 55 level holds.
Fundamentals
Here is a summary of the company.
What to do?
Bit of a tough one for me. The R/R seems to favor the long side, but I think the bigger level and tougher one to break will be the 36-40 area. Depending on your time frame and style you could scale in and stop out completely under 30-35.
LULU is holding the pivot area of 55ish, so far, the week is not out yet.
A pretty clear range looks to be forming b/w 55-80 level, assuming the 55 level holds.
Fundamentals
Here is a summary of the company.
What to do?
Bit of a tough one for me. The R/R seems to favor the long side, but I think the bigger level and tougher one to break will be the 36-40 area. Depending on your time frame and style you could scale in and stop out completely under 30-35.
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