May. 10 at 12:07 AM
$LULU broke multi-year support on the weekly chart and is now at levels not seen since 2018. lululemon — world's leading premium athleisure brand,
$11.5B revenue, China booming, 13x PE. But US is declining, margins contracting, founder Chip Wilson and Elliott Management in a proxy fight for board control. New Nike CEO. Earnings May 28.
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$164 — prior support retested as resistance, reclaim triggers relief rally
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$93 — next real VPVR support, air pocket below current price
⚠️ Proxy vote + June 4 CEO debut earnings = two back-to-back binary events. The chart is broken. The fundamentals are compressing. But 13x PE and a
$1.6B buyback at all-time lows says someone is patient.#LULU #lululemon #Athleisure #Retail #GovernanceBattle #hovdid