If someone made a bet with you, and you should to lose $12 at the chance to win $4 would you take it?
That is the risk-to-reward scenario that Lululemon Athletica (LULU) is offering at this point.
Or what I would call an unfavorable 3-to-1 Risk/Reward setup.
So while it is in this large scale chop – look for limited upside of $78 and a possible downside of $62 – better yet – just don’t trade it.
Here’s the technical analysis on LULU:
Welcome to Swing Trading the Stock Market Podcast!
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In today's episode, Ryan answers the questions of one listener ranging from his transition from paper trading to live trading, and swing trading to day trading. Also addressed is his approach to trading, specifically Fibonacci retracement levels and why Ryan prefers Pivot Points instead.
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