Live monitoring of the Falling Wedge setup on LULU. See where price is heading.
Reversal pattern. Price likely to break upwards.
A clear signal has emerged for Lululemon Athletica (LULU) on the daily chart. Price has moved to $126.69 (1.2%) amidst recent volatility. The primary technical feature is a Falling Wedge formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $133.72, targeting $170.2 with support near $116.63 (R:R 2.13).
What is your outlook on LULU?