LULU Short - Three Gap Ups on DailyLULU is overbought with three gaps up in a row and it is time for profit taking.
*This information is to be used for educational purposes only.*
Lululemon
Lululemon Athletica (LULU). Another chance to gain big.This is an update of my old chart published more than a year ago (see related idea)
That call paid well and here is another chance to gain big.
It looks like sideways correction is coming to an end and another big drop is on the cards.
The wave C (blue) is already larger than wave A within a small wxy (white).
MACD shows Bearish Divergence.
Target is at the previous major low at the 36.26 mark.
Athletic apparel makers are under pressure though.
$LULU Falling$LULU has been one of the hottest stocks this year....until today. Their mixed guidance for next year is nothing to worry about. If you don't live in a cave you know every girl either wants or wears lulu. I know there are cheaper options, but lets be honest...they are a status symbol. As long as the stock holds $67, i think you pick some up.
www.trendyprofits.com
Lululemon Athletica (LULU). Could Halve Its Value.Flat correction. Target for C is at the trough of the wave A = 36.26. Way to go!
