Lululemon extends gains - Analysis - 02-12-2022

Lululemon's stock (LULU) kept rising in the last session, marking a fresh profit of 0.40% in the last session, or 1.51 points, and settling at 381.82, while trading alongside the upward correctional short-term trend line, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 410.70, provided the support of 355.59 holds on.

Expected trend for today: Bullish