May. 21 at 2:50 AM
$LULU yearly low swept at
$116.63 🔻
8H closed a bullish outside engulfing.
RSI near 20.
Lululemon.
$10B premium brand.
Consumer pressure built the setup.
21 EMA around
$128–132 is the confirmation level.
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🐂 21 EMA reclaim =
$140 then
$148 in play. Quality brands at yearly lows don't stay cheap.
🐻
$116.63 loses =
$108–110 next. Premium discretionary stays under pressure in a stretched consumer environment.
⚠️ Yearly low. Engulfing. RSI 20. 21 EMA is the line.
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📊 Lean: BULL — setup is real. Follow through needed.
#LULU #Lululemon #BullishEngulfing #TechnicalAnalysis #hovdid