Alright, let’s dive into Lululemon (LULU) on this daily chart! The stock just hit a reversal target from that triple top pattern we’ve been watching, which lined up perfectly with a Fibonacci correction at the golden ratio—pretty slick move! Check the RSI down below—it’s screaming oversold with that dip into the 30 zone, which could signal a breather for the bears. Sure, the overall market vibe ain’t looking too hot right now, but LULU might be looking to stabilize around these current levels. If it can hold steady here, we might see it start clawing back; otherwise, keep an eye on that support near $300 if it keeps sliding
Note
It was a dope catch at the bottom price right when it flipped—the stock shot up 11% before dipping back today. The rough part is it couldn’t push past the 200-day average, and if that keeps up, it’s not looking good.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.