Signs in favour of LULU uptrend:
(i) LULU has broken a major resistance level with high volume.
(ii) A bullish pennant is forming.
(iii) Bullish Squeeze momentum has fired.
(iv) RSI is above average.
(v) RSI is in the range of 60 - a good level for breakout.
(vi) Looks like continuity of 3rd Elliott Wave.
LULU is just below another resistance level of 410, which is a hurdle to a full blown bull run.
(i) LULU has broken a major resistance level with high volume.
(ii) A bullish pennant is forming.
(iii) Bullish Squeeze momentum has fired.
(iv) RSI is above average.
(v) RSI is in the range of 60 - a good level for breakout.
(vi) Looks like continuity of 3rd Elliott Wave.
LULU is just below another resistance level of 410, which is a hurdle to a full blown bull run.