Lulu looks like it's still playing out H&S with the neck line at $282.
Breaking down below $282 neck line will be bad and could send the stock to $247 again.
The full measured move for the break down is $75 and it is quite hard to imagine the stock going down to that level.
I am neutral. 👀ing for opportunity to load.
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
Breaking down below $282 neck line will be bad and could send the stock to $247 again.
The full measured move for the break down is $75 and it is quite hard to imagine the stock going down to that level.
I am neutral. 👀ing for opportunity to load.
——
Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.