Today I am going to share with you one of my favorite technical tools and how to use this tool to successfully navigate the ups and downs of Lululemon Athletica Inc. (NASDAQ_LULU).
Just recently, there has been a great deal of controversy about this company. You might recall the problem they had with their see-through workout pants. It turns out their workout pants were just a little bit too sheer for everyone's comfort. The company also got sued by a pension fund for giving executives big bonuses on the eve of the recall of their too sheer workout pants.
In this video, we will be diving into Lululemon (NASDAQ:LULU) using a technical tool that is readily available to you and one that is very easy to use and understand. This short video is just five minutes in duration and will help you understand the key element of this simple tool. It is a tool I have used successfully for many years in both stocks and other markets. Like any technical tool, it is not perfect and not guaranteed to make you money, however this technical tool comes as close to perfection as you can get.
I hope you learn from today's video and can apply your new knowledge to make your own trading even more profitable.
So what are you waiting for? Let's get started right away!