Based on Lululemon Athletica Inc Common weekly chart, a clear smart money campaign happened from accumulation (stage 1) followed by mark-up (stage 2). Smart money took a 8 months, from March 2017 to Nov 2017, to accumulate, with the evidence of Sign of Strength as iVSA chart above. Lululemon Athletica Inc Common broke through the resistance level in Nov 2017 with volume. Smart money continues to mark-up the price in few weeks after the breakout.
Price is consistently moving upwards. Lululemon Athletica Inc Common reached maximum high and we can see great profit taking have take place. To ensure the smart money continues to participate on the uptrend, we prefer to wait for more Sign of Strength.
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