Live monitoring of the Rounding Bottom setup on LULU. See where price is heading.
Gradual reversal from bearish to bullish.
Bearish continuation if preceding move was down.
Indecision. Widening then narrowing range.
Market participants tracking Lululemon Athletica should note the latest formation. The stock is trading at $160.6, down 1.21% on the day. Price action has carved out a classic Diamond. Volume is average (0.89x avg) with moderate trend strength (0.7). A potential breakout level is identified at $143.96, targeting $112.46 with support near $159.71 (R:R 2.0).
What is your outlook on LULU?