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Bixley
2 Jun 2022 pukul 08.43

LULU - Ascending Wedge Breakdown 

lululemon athletica inc.NASDAQ

Huraian

A symmetrical triangle can be seen acting bullishly, pushing the price into a rising broadening wedge
I believe this wedge to be a bearish pattern, as I have indicated with the bars pattern (which is just a rough estimate of how a down move will persist)
Daily chart

Komen
DrShu
But wouldn't fundamentals contradict your analysis since they usually m post good earnings?
Bixley
If earnings goes well and the wedge formation doesn't break down, price could be continuing upwards in that situation
ShortSeller76
@DrShu fundamentals like a 40PE? Stocks with fantastic earnings have also been taken to the woodshed
Lebih