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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How does war impact the stock market and what are the potential risks and hazards that impact traders attempting to remain profitable in their swing trading? In this podcast episode, Ryan Mallory covers everything managing the volatility that comes with the headline risk, dealing with heightened levels of emotions, securing open profits, and market exposure to uncertainty in the stock market.
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