LULU Lululemon Weekly Chart; Oversold; Falling Wedge; Positive Divergence

The ladies love their Lulu leggings, and the men love that the women love their leggings. Especially those see-through offerings from a few years ago. LULU did not account for the stretch of the fabric so each time the ladies bent over in public they were providing a free show. Unfortunately, word got out fast and the leggings were returned for refunds. The female legs in leggings provide lovely public scenery. Legs. Do you remember Lulu Roman? From HeeHaw days. She was a sweetheart; a beautiful voice and very funny. That's a shame; she died a few months ago. One Day at a Time.

LULU stock has been taken to the shed out back and spanked over the last couple years. There is lots of competition these days buying leggings for 5 bucks at Dollar General instead of 70 to 130 bucks from Lululemon. However, modern society is all about status, and class, and wealth, and crony capitalism, and the bragging rights go to LULU. If you want that status, like a Gucci handbag, or custom-tailored Armani suit, or Mercedes convertible, you must work out in Lululemon leggings and other products. Thus, LULU will always have a solid customer base of wealthy individuals that want to keep up with the Joneses.

The reason for posting the chart is one, to display a textbook possie d bottom, it is a very nice and lovely bottom that Lulu has formed in those leggings, and second, LULU may offer a store of value, or safe harbor, going forward for those looking for a place to park money.

In less than 2 years, LULU falls from over 5 hundo to 179, a -70% crash. The stock lost its pants and its leggings. Holy smokes. That is a drubbing. Lulu was rode hard and put away wet. Quite a beating.

All of you lovely ladies will continue to buy leggings, mostly black leggings to make your fat *sses look smaller, and even if Lulu is too expensive for many, most ladies will continue to buy Lululemon products albeit less frequently. Plus, if you are a man with any common sense, buy your lady a quality gift like Lululemon and you will make her happy, unless she asks why are you giving her leggings; does it mean she needs to exercise? In that case, you will spend the night with Fido.

Keystone is not long or short LULU. If someone is looking for a place to stash money since the stock market is placing a major long-term top right now, consider LULU. It already bounced off the possie d bottom and is establishing higher lows and higher highs for the green channel. At worse, as stocks begin falling apart, LULU will likely chop sideways at 150-220 for the coming months. Keep in mind that many stocks will lose from -10% to -50% or more of their value over the coming months and couple years. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.