Lulu has successfully closed above the descending trendline and is now retesting the breakout level, which often confirms a reversal setup. The structure suggests buyers are stepping back in after a prolonged downtrend.
📊 Technical View:
Price has broken out from a multi-month descending trendline.
Retest around 1.16–1.18 area is holding well.
Upside potential toward 1.50–1.55 (Fib 38–50% zone).
Stop Loss: Below 1.09 support zone.
If the price holds above 1.15 on the retest, momentum toward 1.50 remains strong.
📊 Technical View:
Price has broken out from a multi-month descending trendline.
Retest around 1.16–1.18 area is holding well.
Upside potential toward 1.50–1.55 (Fib 38–50% zone).
Stop Loss: Below 1.09 support zone.
If the price holds above 1.15 on the retest, momentum toward 1.50 remains strong.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.