LULU holding pivot at 55, but for how long?
Technically Speaking
LULU is holding the pivot area of 55ish, so far, the week is not out yet.
A pretty clear range looks to be forming b/w 55-80 level, assuming the 55 level holds.
Fundamentals
Here is a summary of the company.
What to do?
Bit of a tough one for me. The R/R seems to favor the long side, but I think the bigger level and tougher one to break will be the 36-40 area. Depending on your time frame and style you could scale in and stop out completely under 30-35.
LULU is holding the pivot area of 55ish, so far, the week is not out yet.
A pretty clear range looks to be forming b/w 55-80 level, assuming the 55 level holds.
Fundamentals
Here is a summary of the company.
What to do?
Bit of a tough one for me. The R/R seems to favor the long side, but I think the bigger level and tougher one to break will be the 36-40 area. Depending on your time frame and style you could scale in and stop out completely under 30-35.
Related publications
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.