Are Bulls Quietly Loading Up on LULU?

Trade Summary 📝
Setup: Descending wedge forming after sharp drop; price testing breakout line.
Entry: Above $240.
Stop‑loss: Below $220 swing low/support.
Targets: $260 , $293–$301 (analyst target).
Risk/Reward: ~3:1 (tight stop, multi-level upside).

Technical Rationale 🔍
Key Signal #1: Descending wedge/bullish reversal pattern; oversold bounce.
Key Signal #2: Bullish divergence forming on recent lows; higher low established.
Context: Daily chart; aggressive sellers losing momentum as wedge tightens.

Catalysts & Context 🚦
Recent gap down created potential “magnet” for gap fill upside.
Surge in unusual OTM call buying last week hints at speculative bullish positioning.
Analyst 1-year target: $300.87 (+30% upside); rating upgraded to Buy.
Watching for sector rotation into consumer discretionary/retail names.

Trade Management Plan 📈
Entry: Only on daily close above $240 breakout line.
Stop‑loss: Initial below $220; trail to breakeven if $260 target hits.
Scaling: Trim at $260, hold partial for $293–$301 extension.

What’s your view? Are you watching LULU? Comment below or vote:

🔼 Bullish
🔽 Bearish
🔄 Waiting for confirmation

*** Follow us now to ensure you don't miss the next big setup ***

Disclaimer ⚠️: Not financial advice. Trade at your own risk.