DoujinStars
The Long Investor
The Long Investor

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$LULU

Hands up, who doubted this chart?

ABC correction is confirmed for me now and if the price can lose the $347 support we will get a nice drop down to the 0.5 Fib where we expect the 200 Day MA to move up to at $324....a hold here and you have a buy signal for the next leg up, ultimately moving back up to the top blue line at $517.

$LULU

Comments

Yes, that is an overshooting B Wave - very common in today's markets

Lennart

Been waiting for this stock pullback for a long time!

Chris H

One moment, this chart in fact is a lesson for me: Can Wave B go higher than Wave 5 top level ?

Kad


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