Lululemon Athletica Inc ($LULU) : Hitting kumo resistance

LULU has gapped down has gapped down back in June 6 from $70 to $65 range.

It has since went lower and hit support at around $54 before rebounding.

There is a pretty good setup now.

With LULU trading at around $64.35, it is hitting the resistance from the gap down as well as the kumo on the Ichimoku chart.

By iam802

Trend trading with Ichimoku