$Lululemon Athletica(LULU)$ Lululemon just dodged a 46% tariff bullet -thanks to the newly signed U.S.-Vietnam trade deal, which locks on a 20% tariff on Vietnamese exports & slaps s 40% levy on transshipped goods. For a brand that sources heavily from Vietnam, this could've been a knockout blow [OMG] . Instead, it's more of a bruising body shot [Spurting] . But here's the twist: Despite the "Relief" , LULU stock hasn't exactly struck a warrior pose. It's still down over 40% from it's 2023 highs, hovering near key support in the $225-240 zone, a level that's historically sparked rebound 🪃. Technically, the chart's still in the downward dog: MACD is below the 0 line - momentum remains Bearish 🐨. RSI at 41.81 suggest we're not OS yet, but we're stretching towards it. Price Action is consolidating near a potential Bottom zone -not a High. So, is this a set-up for a Reversal-or just a pause before another leg 🦵 down ?[Thinking] LULU maybe 🤔 finding it's floor - but will it bounce or break ?[Thinking] Drop your thoughts below 👇. Are u Buying the Dip, or waiting for confirmation?🤔
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- Merle Ted·07-06TOPLULU just closed above two short term DMAs, 13 and 20 (145.8). It is a very good sign. The next target should be the 50 dma, which is 276+.LikeReport
- Venus Reade·07-06With LULU dupes offered at Costco this stock will suffer. Everything is super expensive in this store. They will lose the lawsuit against Costco. There's nothing proprietary about clothes.LikeReport
- funzee·07-04Great insights! Really appreciate the analysis! [Heart]LikeReport
- ClarenceNehemiah·07-04Interesting takeLikeReport
