Lulu has been solid channel up since December 2018. We broke new highs in early April 2019 and have since been grinding higher.
- At market close we are at a resistance level of about $190. If we gap up on Monday, I will be looking for an entry on a lower time frame at this same level of resistance to go long.
- However, if we get rejected at this price level, I will be looking for an entry when price touches the 21 EMA.
