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 $64.35, it is hitting the resistance from the gap down as well as the… Continue reading Lululemon Athletica Inc ($LULU) : Hitting kumo resistance
$LULU was once a darling for the IBD. It rides on a good wave, targeting the well-heeled and the growing yoga sports culture a couple of years back. As a retailer, LULU’s growing income hinges on its ability to increase its store first across the nation, second the region and third internationally. It was the… Continue reading $LULU . Once a darling.
With the ‘huge’ rally yesterday and bullish closing on the indices yesterday, this will be a good time to review the Ichimoku Chart again. Hopefully, it can provide us with some ideas of where this rally might goes. From the Ichimoku Daily Chart, we can see the following: 1. Tenkan sen SPX has a huge… Continue reading S&P 500 (SPX) : Review as of June 11, 2010