Technical Analysis:
A bearish head and shoulder pattern has emerged and a short signal appeared. A break below 273.6 would be a clear confirmation of long term downtrend.
Fundamental Catalyst:
LULU inventories increased 85% in Q3 2022 compared to Q3 2021. With over 60% of their revenue coming from retail, LULU will continue to face immense competition from e-commerce sellers of athleisure wear that offer equally good quality apparels but at more affordable prices. The recession will likely hit the company hard. LULU has been underperforming in the retail sector index.
Will observe the price action for the next few days / weeks and update when there is an entry opportunity.
LULU
A bearish head and shoulder pattern has emerged and a short signal appeared. A break below 273.6 would be a clear confirmation of long term downtrend.
Fundamental Catalyst:
LULU inventories increased 85% in Q3 2022 compared to Q3 2021. With over 60% of their revenue coming from retail, LULU will continue to face immense competition from e-commerce sellers of athleisure wear that offer equally good quality apparels but at more affordable prices. The recession will likely hit the company hard. LULU has been underperforming in the retail sector index.
Will observe the price action for the next few days / weeks and update when there is an entry opportunity.
LULU
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。