Live monitoring of the Falling Wedge setup on LULU. See where price is heading.
Reversal pattern. Price likely to break upwards.
Traders are watching Lululemon Athletica (LULU) as price action tightens. Price has moved to $124.89 (-0.24%) amidst recent volatility. Price action has carved out a classic Falling Wedge. Volume is average (0.42x avg) with moderate trend strength (27.1). 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?