LULU 
LULU is showing signs of a potential bullish reversal after forming a double bottom structure around the $220 support zone, along with a bullish divergence on the RSI indicator.
Two vertical lines highlight the divergence: while price made a lower low, RSI formed a higher low – indicating a possible momentum shift in favor of buyers.
Currently, price is moving just below a descending trendline, which has been acting as dynamic resistance. The first condition for a long setup is a confirmed breakout above this trendline followed by a successful retest. If that happens, an entry can be considered.
📌Entry Plan:
Entry: After a breakout and retest of the descending trendline.
1st TP: ~$247 — This level coincides with a local resistance zone, which may act as a neckline of the double bottom.
If price breaks above $247 and retests, it confirms bullish continuation.
📈 Target Structure:
2nd TP: ~$271 — next major resistance zone.
3rd TP: ~$297 — aligns with the first major gap zone.
4th TP: ~$329 — final gap resistance from previous sell-off levels.
This structure allows for scaling into the trade in stages — each breakout and retest offers a new confirmation and extension to the next target zone.
Not financial advice. Always conduct your own research and risk management.
LULU is showing signs of a potential bullish reversal after forming a double bottom structure around the $220 support zone, along with a bullish divergence on the RSI indicator.Two vertical lines highlight the divergence: while price made a lower low, RSI formed a higher low – indicating a possible momentum shift in favor of buyers.
Currently, price is moving just below a descending trendline, which has been acting as dynamic resistance. The first condition for a long setup is a confirmed breakout above this trendline followed by a successful retest. If that happens, an entry can be considered.
📌Entry Plan:
Entry: After a breakout and retest of the descending trendline.
1st TP: ~$247 — This level coincides with a local resistance zone, which may act as a neckline of the double bottom.
If price breaks above $247 and retests, it confirms bullish continuation.
📈 Target Structure:
2nd TP: ~$271 — next major resistance zone.
3rd TP: ~$297 — aligns with the first major gap zone.
4th TP: ~$329 — final gap resistance from previous sell-off levels.
This structure allows for scaling into the trade in stages — each breakout and retest offers a new confirmation and extension to the next target zone.
Volume analysis, price action, and RSI momentum all support the probability of a trend reversal — but confirmation is key.
Not financial advice. Always conduct your own research and risk management.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.