$Lululemon Athletica(LULU)$ Lu

$Lululemon Athletica(LULU)$ Lululemon stock has collapsed by 30% from the highs in a matter of several weeks.

Perhaps Ozempic, Mounjaro, Wegovy are crushing this stock. Nobody needs athletic clothes.

This line above was a joke...less rate hikes in theory should strain the consumer.

Coming into the weekly 200 MA has been a massive zone of accumulation for many previous selloffs. will it hold this time?

Likely yes, the same buyers should step in at least for a short term bounce.

Risk to reward favours a bounce.

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Comments

thenameis.z
04-09
thenameis.z
😅
Sheepysheep
04-09
Sheepysheep
[What] [What]

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