Long for LULU!
Large bullish signal tested on Sep 1, price high 400' to low 410's great entry if holds. Huge movement ahead when it success. All up to the futures, retest Sep 18th or not this time.
Cup and handle formed for last 2 years, it can go much higher once we see the all time new high. 410 not bad.
There is $7+ Trillion in stock market that tracks against S&P500 index. LULU can easily gain another 20% from here to $500+ 👍 btw the size of US stock market is $46 Trillion for comparison.
What’s more, $Lululemon Athletica(LULU)$ Stock price jumped nearly 10 times in 5 years from 2017-2021 How's that happen? Several key actions were taken then:
1) Expanding the distribution channel both online and off-line stores, adding more than 100 net new retail stores per year
2) New products: men's apparel
3) R&D: introduction of new styles and technologies, such as the resistance training apparel.
4) Refining the brand culture.
Therefore, I am still bullish on $Lululemon Athletica(LULU)$ in the future. Wait and see it!
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