LULU is a potential buy at $80-$81 support; current price $98 requires waiting for a drop.
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So, Lululemon falling pretty sharply in early trading yesterday reporting earnings after the bell collapsing basically down 20%.
Then Lululemon broke out. It had this monstrous move up and now it's cratering back down. What this tells me is as a swing trade, I love this level. Now, just because I love it doesn't mean it's going to work out, but probabilitywise, this should be significant technical support.
Right around $81 to $80 per share on Lulu. Now, we're still at 98, so it's still a ways to go, but we could be here in a few weeks. I mean, maybe even less depending on how this thing trades.
And that to me would be a great buying opportunity on Lululemon. So, keep that one on your radar.
We saw Lululemon, maybe, maybe Zscaler and others.
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