Elliott Wave Technical Analysis (Video) Lululemon Athletica Inc.

LULU Elliott Wave Analysis Trading Lounge.

Graph of stock price history of Lululemon athletica Inc., Inc., LULU.

LULU Elliott Wave Technical Analysis

Activity: Counter Trend.

Method: Correct.

Structure: Zigzag.

Position: Wave 2 of (1).

Direction: Below in wave 2.

Details: We are looking for a possible bottom in wave 2 because it looks like we have completed wave {c}. Looking for more upside as we break out of $400.

Graph of stock price history of Lululemon athletica Inc., (LULU) 1H.

LULU Elliott Wave Technical Analysis

Activity: Counter Trend.

Method: Correct.

Structure: Zigzag.

Position: Wave {c} of 4.

Direction: Bottom in wave {c}.

Details: Here I give you another report suggesting that we are in wave 4 of (1) and the entire move up from the August 2024 low is yet to be completed and we could see completion coming near Trade Level 5 at 500 $.

This Elliott Wave analysis of Lululemon athletica Inc., (LULU) explains both the daily and 1-hour chart structures, highlighting the current trends and possible price movements in the near future. coming

LULU Elliott Wave Technical Analysis – Daily chart

Lululemon (LULU) is showing signs of a potential bottom in wave 2 of the Zigzag corrective pattern. This suggests that we may have completed wave {c}, setting the stage for further upside. A break above the $400 mark could start to confirm a new bullish move, as the stock looks to move up again.

LULU Elliott Wave Technical Analysis – Hourly chart

In this 1H chart of Lululemon (LULU), another count indicates that we are currently in wave 4 of (1), meaning that the entire move up from the August 2024 low could be still to come. An end to this trend could occur as we approach the key Trading Level 5 at $500, where the stock could cross.

Technical Analyst: Alessio Barretta.