$LULU: Swing Trade to all time high. Ride the wave!
Updated
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 head and shoulders - right shoulder can reach all time high (shown above).
- Ichimoku cloud shows bullish 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 Ichimoku Cloud 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.
Note
Congrats to all LULU holders!
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