$LULU has been an exceptional stock; going up 79% the past year. We have a potential setup occurring for a profitable swing trade.
What to watch (1 week time frame):
– We see an incomplete – right shoulder can reach all time high (shown above).
– shows for next weeks or month to come – We will see the stock move higher before lower.
– Watch for a bounce on the 26 day avg line or Span A.
-Be patient and enter only if a bounce occurs around the 130-140 levels.
We have identified the long term trend, found an entry point and exit point. Now RIDE THE WAVE. Most important of all, BE PATIENT.
Trade at your own risk.