@quiettt:
$Lululemon Athletica(LULU)$ 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.